Cloud & Infrastructure

Structural Regulation

UK Regulators Announce Next Steps for Open Banking Regime

By Mark Johnston | 18/04/2023

A new body will be created to boost the uptake of open banking in the UK and extend its benefits to other sectors of the economy.

Cloud & Infrastructure

RBI Finalises Rules for Outsourcing of IT Services by Banks

By Editors | 12/04/2023

RBI approval is not required for IT outsourcing arrangements, but they should be subject to on-site or off-site monitoring and inspection by regulators.

Cloud & Infrastructure

Philippine Banks Undergo Major Change in Regulatory Reporting

By Manesh Samtani | 11/04/2023

BSP deputy governor Chuchi Fonacier says 18 reporting templates and Excel files totalling 300-plus schedules are being reduced to a single XML file.

Cloud & Infrastructure

BNM Proposes to Introduce ‘Green Lane’ for FinTech Sandbox

By Editors | 06/04/2023

The ‘Innovation Green Lane’ will offer a more risk-proportionate and accelerated pathway for innovative solutions by financial institutions with strong risk management capabilities.

Cloud & Infrastructure

APAC Regulators Form New Forum to Address Cloud Risk

By Sanday Chongo Kabange | 06/04/2023

MAS assistant managing director Vincent Loy said the twice-a-year forum will help APAC regulators and CSPs ensure greater resilience of cloud adoption in the financial sector.

Clearing & Post-Trade

UBS Executes Cross-border Intraday Repo on Broadridge Blockchain Platform

By Editors | 06/04/2023

Intraday repo provides a more efficient means of managing liquidity, while also providing additional funding flexibility and reducign operational risk.

Cloud & Infrastructure

Korea to Develop Guidance on Mitigating Technology Risks

By Manesh Samtani | 04/04/2023

The guidelines are an action item from a new task force that was created after a data centre fire disrupted Kakao’s services last October.

Trading & Investment

Digital Vote Execution Service to Launch for Tokyo Market

By Editors | 04/04/2023

Issuers, investors and local sub custodians will gain efficiency and greater transparency from the new digitised e-voting service.

Clearing & Post-Trade

SWIFT Pilots Blockchain Solution to Tackle Corporate Actions Frictions

By Editors | 27/03/2023

The solution demonstrated the potential to reduce manual effort and errors in corporate action processing and deliver operational efficiencies.