Cybersecurity

    Reporting on regulatory requirements, enforcement actions, and best practices to safeguard financial institutions and markets against cyber threats, data breaches, and vulnerabilities through proactive measures.

    image

    CBDCs

    HKMA to Start ‘Paving the Way’ for e-HKD Implementation

    By Manesh Samtani | 12/06/2023

    The HKMA expects that it will take at least two to three years to build a wholesale layer of production grade for possible e-HKD implementation.

    image

    Payments & Settlements

    Australia Issues New Strategic Plan for Payments System

    By Manesh Samtani | 08/06/2023

    A new licensing framework will be introduced, including for payment stablecoin issuers. RBA will explore fast payment links with other jurisdictions.

    image

    Data Privacy

    HK PCPD Calls For Regulation of Credit Database Providers

    By Ranamita Chakraborty | 07/06/2023

    The PCPD discovered in an investigation that the operator of the TE Credit Reference System put in place deficient security measures.

    image

    Cybersecurity

    BIS Proves Viability of Quantum-Safe Financial System

    By Editors | 06/06/2023

    Project Leap involved the design and deployment of a secure communication channel to protect financial data against future threats from quantum computers.

    image

    Cybersecurity

    RBI Consults on Cyber Resilience Guidelines for Payment System Operators

    By Sanday Chongo Kabange | 06/06/2023

    The draft guidelines are intended to help non-bank payment system operators mitigate emerging cyber security risks.

    image

    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.

    image

    AI Risk & Governance

    EU, US Jointly Developing Voluntary Code of Conduct for AI

    By Sanday Chongo Kabange | 02/06/2023

    The first-of-its-kind voluntary code of conduct for AI could be drawn up within weeks, said EU official Margrethe Vestager.

    image

    AI Risk & Governance

    Australia Seeks Public Views on Policy Response to AI

    By Editors | 01/06/2023

    The consultation will “help ensure Australia continues to support responsible AI practices to increase community trust and confidence,” the government said.

    image

    Cryptocurrency

    CFTC Issues Advisory on Risks of Clearing Crypto Derivatives

    By Editors | 31/05/2023

    Commissioner Kristin Johnson said the advisory means a formal rulemaking process on crypto clearing is warranted.

    image

    Fraud, Scams & Cybercrime

    Hong Kong Police Launch “CyberDefender Metaverse” Platform

    By Editors | 29/05/2023

    The platform is designed to help educate the public about cyber crimes in the Metaverse, especially those involving virtual assets.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.