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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.
Operational Risk
BIS Examines Adequacy of Operational Resilience Requirements
By Editors | 31/08/2022
Bigtech groups that are interconnected within the financial industry should be subject to group-wide requirements on operational resilience.
Data Privacy
CBIRC Directs FIs to Correct Violations of Personal Data Rights
By Darien Choong | 30/08/2022
Banks, wealth management companies, and insurance companies are required to perform self-assessments to identify and rectify violations.
Fraud, Scams & Cybercrime
Philippine Banks, Telecom Partner to Combat Cybercrime, Fraud
By Editors | 30/08/2022
BAP member banks and Globe Telecom will share data and intelligence to help counter cybercrime and fraud threats.
Cloud & Infrastructure
FSC Korea Unveils Reforms to Promote Digital Financial Services
By Sanday Chongo Kabange | 29/08/2022
The FSC will increase opportunities for FIs and fintechs to offer services via integrated apps, while ensuring consumer protections are in place.
Data Privacy
China Cyberspace Regulator Says it Supports Foreign Listings
By Editors | 23/08/2022
The CAC said it supports the healthy development of China’s internet companies and their use of overseas capital markets for fundraising.
Fraud, Scams & Cybercrime
Singapore Proposes Mandatory SMS Sender Registration to Combat Scams
By Darien Choong | 18/08/2022
IMDA proposes a transition period from October until the end of this year to give organisations time to register their sender IDs.
Structural Regulation
Perspectives from China: The Shifting Regulatory Landscape
By Bradley Maclean | 17/08/2022
Research by S&P Global and Regulation Asia highlighted a refocus towards common prosperity type products and services, and a trend towards digital transformation.
Cybersecurity
Malaysia Reassures Public After Data Breach at Payments Firm
By Editors | 15/08/2022
The iPay88 breach will be raised in a Cabinet meeting to discuss a proposal to establish a Royal Commission of Inquiry to investigate the incident.
Emerging Prudential Risks
APRA Corporate Plan Highlights Focus on Industry Resilience
By Sanday Chongo Kabange | 14/08/2022
In its latest corporate plan, APRA said its focus is to ‘protect the community today’ and ensure the financial system is ‘prepared for tomorrow’.
Data Privacy
Making Data Security a Priority in a World of Tech-driven Services
By Philip Keller | 14/08/2022
Philip Keller outlines key considerations for banks when establishing a protocol to ensure data can only be shared in a safe, reliable, timely, and complete manner.
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