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

Cybersecurity
Regulators Paying More Attention to Banks’ Cyber Resilience: FSI Paper
By Ranamita Chakraborty | 16/06/2023
The paper outlines how escalating cyber threats have resulted in the development of “second-generation” cyber regulations.

Cloud & Infrastructure
Bangladesh Bank to Issue Guidelines for Digital Banking
By Mark Johnston | 14/06/2023
The central bank plans to finalise a new licensing framework for digital banks this month, after consulting with stakeholders.

Structural Regulation
HSBC Forms New ‘Innovation Banking’ Division Out of SVB UK Acquisition
By Sanday Chongo Kabange | 13/06/2023
The new ‘HSBC Innovation Banking’ brand will roll out globally in the coming months, with innovation-focused teams in the UK, US, Israel and Hong Kong.

Data Privacy
Australia Confirms it Will ‘Pause’ CDR Expansion Plan
By Sanday Chongo Kabange | 08/06/2023
Treasury is pausing plans to expand the CDR to the superannuation, insurance and telecommunications sectors.

Data Privacy
Unprecedented: First Data Trading Involving Personal Data in China
By Sherry Gong | 06/06/2023
Hogan Lovells partners Sherry Gong and Tommy Liu draw lessons from the first case of floor trading of personal data in China.

Payments & Settlements
Sri Lanka, Nepal to Link Payment Networks LankaPay and Fonepay
By Sanday Chongo Kabange | 06/06/2023
The payment link will enable Sri Lankan and Nepali citizens to make merchant payments in each other’s country using a mobile-based QR code.

AI Risk & Governance
InvestHK Launches 2023 Fintech Fast Track Programme
By Sanday Chongo Kabange | 05/06/2023
13 finalists from fintech, AI and Web3 scaleups will be selected to pitch in person at Hong Kong FinTech Week 2023.

Emerging Prudential Risks
CFTC Proposes Rule Update to Account for Crypto and Cyber Risks
By Editors | 05/06/2023
The CFTC is considering requiring firms to update their risk management frameworks to account for related to crypto, AI, cyber, and climate.

Cloud & Infrastructure
BNM Incorporates Cloud-specific Risks in Regulatory Framework
By Sanday Chongo Kabange | 02/06/2023
BNM has updated its policy on risk management in technology to include requirements on the adoption and use of public cloud infrastructure.

Payments & Settlements
Korea Launches New Online Loan Switching Platform
By Sanday Chongo Kabange | 01/06/2023
The new online platform allows existing borrowers to search for and switch to more favourable loan deals.
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