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

Data Privacy
HKMA Announces Launch Date for Bank Account Data Sharing Pilot
By Editors | 22/12/2023
The IADS pilot programme will commence on 1 January 2024 with the participation of 28 banks, covering deposit account information.

Data Privacy
Data Protection Rules in China: An Ongoing Cycle of Reinvention
By Jingyuan Shi | 21/12/2023
Jingyuan Shi discusses China’s changing rules on cross-border data transfer and examines the extra-territorial implications.

Operational Risk
FSS Korea Targets Third-Party Risk Management With New Guidance
By Mark Johnston | 20/12/2023
The FSS has issued guidance to improve third-party risk management at firms that provide financial services electronically.

ESG Data
Climate Action Data Trust Launches Public Dashboard
By Editors | 13/12/2023
The dashboard incorporates datasets from Verra, Global Carbon Council, EcoRegistry, BioCarbon Registry, the UNFCCC’s Clean Development Mechanism, and Bhutan’s national registry.

Sustainable Finance
Thailand SEC Unveils 2024-2026 Strategic Plan
By Editors | 12/12/2023
The plan seeks to boost trust in the capital market, promote the sustainable finance and digital asset ecosystems, and enhance supervisory and enforcement processes.

Cloud & Infrastructure
MAS Issues New Rules on Managing Outsourced Services
By Manesh Samtani | 12/12/2023
Banks will have to provide details to MAS about the services they outsource and ensure it can audit the service providers and obtain records and documents from them.

Cloud & Infrastructure
RBI to Launch Cloud Facility, Fintech Repository for Financial Sector
By Ajoy K Das | 11/12/2023
The cloud facility will be a dedicated public infrastructure for the financial sector. The repository will hold information about fintechs.

Conduct, Culture & Accountability
HKIMR Report Offers Guidance on Talent Development
By Editors | 08/12/2023
The report presents findings from two surveys and other analysis to recommend talent development strategies for Hong Kong’s financial industry.

Cybersecurity
HSBC Trials Quantum Protection for AI-powered FX Trading
By Sanday Chongo Kabange | 07/12/2023
HSBC is using its own AI-powered tool to safeguard trades of any value from quantum attacks and other cyber risks.

Data Privacy
Australian Treasury Releases New Enterprise Data Strategy
By Mark Johnston | 07/12/2023
The strategy outlines four key themes and actions to leverage data for timely, informed and influential policy advice.
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