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Coverage of regulatory trends, risks, and innovations in the adoption of cloud services and critical infrastructure for financial institutions.

Cloud & Infrastructure
Bursa Malaysia Launches API Gateway to Streamline Onboarding
By Nithya Subramanian | 28/05/2024
The new API Gateway will streamline onboarding and speed up CDS account opening, updating and reactivation.

Payments & Settlements
Swift Enables Banks to Improve Services for Corporates
By Editors | 22/05/2024
Swift will extend ISO 20022 across the entire payment chain, and provide ready-to-use, white-labelled payment tracking services via API.

Emerging Prudential Risks
Digitisation of Finance Can Create and Amplify Risks: BCBS
By Nithya Subramanian | 17/05/2024
New BCBS report offers recommendations for banks to consider to mitigate digitalisation-related risks.

Cybersecurity
Singapore: Next Phase of FSMA Implementation Has Commenced
By Editors | 14/05/2024
MAS can now impose fines up to S$1mn for non-compliance with technology risk management requirements.

Cybersecurity
Singapore Parliament Passes Cybersecurity Amendment Bill
By Nithya Subramanian | 13/05/2024
The amendments introduce stricter reporting requirements for owners of CII and give more teeth to the CSA.

Cloud & Infrastructure
FSC Korea Enhances Regulatory Sandbox Mechanism
By Editors | 09/05/2024
The FSC is scrapping some requirements to expedite the sandbox’s application, review and approval processes.

Data Privacy
Hong Kong, Shenzhen Pilot Cross-Border Data Platform
By Sanday Chongo Kabange | 07/05/2024
Pilot trials will test the validation of credit referencing reports and account opening documents for corporate customers.

Emerging Prudential Risks
ASEAN+3 Ministers Approve New Rapid Financing Facility
By Editors | 06/05/2024
The Rapid Financing Facility will enable ASEAN+3 countries to access emergency financing during periods of urgent balance of payments needs.

AI Risk & Governance
US CFTC Appoints First-Ever Chief AI Officer
By Sanday Chongo Kabange | 03/05/2024
The role will involve leading the development of the CFTC’s enterprise data and AI strategy and advancing its data-driven capabilities.

Resolution & Recovery
HKMA Outlines Key Priorities, Green Ambitions for 2024 and Beyond
By Sanday Chongo Kabange | 02/05/2024
The HKMA has outlined its priorities for 2024 and beyond in its latest annual report and its 2023 sustainability report.
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