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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
Vietnam Central Bank Proposes to Introduce Regulatory Sandbox
By Sanday Chongo Kabange | 22/03/2024
The SBV will develop a fintech regulatory sandbox fintech for innovations relating credit scoring, open API and P2P lending.

Cloud & Infrastructure
HSBC Offers Boost to Hong Kong Fintech Ecosystem
By Sanday Chongo Kabange | 21/03/2024
The Hong Kong Science and Technology Parks Corporation has signed a three-year strategic partnership with HSBC.

Cloud & Infrastructure
Hong Kong’s New eMPF Platform to Launch in June
By Sanday Chongo Kabange | 20/03/2024
The MPFA says all 12 MPF trustees in Hong Kong will start migrating data to the new eMPF platform in phases starting from June this year.

Resolution & Recovery
FSB Updates Guidance on Operational Continuity in Resolution
By Manesh Samtani | 19/03/2024
A supplementary note was added to address today’s dependencies on third-party providers for critical shared services, and the digitalisation of such services.

PEPs & Sanctions
Microsoft, Amazon Suspend Russian Access to Cloud Products
By Editors | 18/03/2024
The move is a response to the EU’s 12th package of Russia sanctions, which prohibits companies from supplying enterprise or design software to companies in Russia.

Cybersecurity
Emerging Tech is Raising Cyber Risk in Financial Industry – Report
By Mark Johnston | 18/03/2024
A new IIF-McKinsey report offers a roadmap for mitigating cyber risks amidst the rapid adoption of emerging technologies in finance.

Reporting & Disclosures
UNDP, MAS, GLEIF Launch Whitepaper on Project Savannah
By Ranamita Chakraborty | 18/03/2024
The whitepaper details Project Savannah’s goals and strategy for empowering MSMEs in sustainability reporting through three key pillars.

AI Risk & Governance
BSP Studying Impact of Generative AI on Banking Industry
By Sanday Chongo Kabange | 12/03/2024
The BSP is seeking to introduce ‘guardrails’ to mitigate potential risks associated with the use of Gen AI in the banking industry.

Cloud & Infrastructure
BOE to Move Data & Analytics Platform to the Cloud
By Editors | 11/03/2024
The move is part of a modernisation programme that will also involve a “controlled set of pilots” of AI tools across the BOE.

Cloud & Infrastructure
Indonesia OJK to Provide Boost to Financial Sector Innovation
By Editors | 11/03/2024
The new regulation refines the regulatory sandbox mechanism to add eligibility criteria and to allow testing in crypto asset products.
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