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Coverage of regulatory trends, risks, and innovations in the adoption of cloud services and critical infrastructure for financial institutions.
Structural Regulation
FSC Korea Launches New Committee to Lead Reform Efforts
By Sanday Chongo Kabange | 21/07/2022
The committee is expected to ease rules for banks on investments in non-financial businesses, improve ESG disclosure rules, overhaul capital markets infrastructures.
Cloud & Infrastructure
HKMA Issues Regtech Guide on Third-Party Risk Management
By Sanday Chongo Kabange | 19/07/2022
The practice guide is meant to help banks plan the implementation of regtech solutions to address the risks associated with third-party relationships.
Cloud & Infrastructure
HKMA, Banks, Bloomberg Launch Fintech Talent Initiative
By Editors | 18/07/2022
The partners include the HKMA, FSDC, Bloomberg, Ant Group, Bank of America, BOCHK, Citi, Credit Suisse, DBS, Goldman, HKEX, HSBC, JP Morgan, and others.
Supervision & Enforcement
BOJ, FSA Advance Work to Coordinate Supervisory Functions
By Sanday Chongo Kabange | 17/07/2022
The FSA and BOJ have started sharing information reported by FIs using common templates and are establishing a new data platform to collect granular data from the industry.
Cloud & Infrastructure
IOSCO Publishes Report on Use of Innovation Facilitators
By Editors | 15/07/2022
The report offers recommendations on three types of innovation facilitators – innovation hubs, regulatory sandboxes, and regulatory accelerators.
Data Privacy
ACCC Issues First Penalty for CDR Breach Against BOQ
By Sanday Chongo Kabange | 14/07/2022
This is the first infringement notice the ACCC has issued for an alleged breach of the CDR rules as BOQ pays penalty.
Data Privacy
FSC Korea Approves Rule Change to Promote Data Convergence
By Sanday Chongo Kabange | 11/07/2022
Firms that do not hold their own data will be allowed to use pseudonymised data from other businesses in their analysis.
Cybersecurity
GLEIF Launches vLEI Issuer Qualification Programme
By Manesh Samtani | 07/07/2022
The vLEI is a digital version of the LEI which can be securely verified online against the source information held in GLEIF’s data repository.
Trading & Investment
China Outlines Plans to Develop Beijing into Technology Hub
By Editors | 07/07/2022
The measures seek to create a “multi-tier, professionalised and specialised tech financing system” in Beijing.
Conduct, Culture & Accountability
MAS, IBF Adjust Training Scheme Funding Parameters
By Editors | 07/07/2022
MAS says training and upskilling culture in the financial sector workforce has taken root, and high uptake in training is encouraging.
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