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.

    Cybersecurity

    Australia Issues Revised Cyber Resilience Testing Framework

    By Editors | 09/08/2022

    The updated version of the CORIE framework follows the CFR’s endorsement of a plan for the wider rollout of the programme.

    Clearing & Post-Trade

    CPMI-IOSCO Explores How CCPs Address Non-default Losses

    By Editors | 08/08/2022

    New paper aims to help advance industry efforts and dialogue on the concepts and processes used by CCPs to address losses from non-default events, such as cyber attacks.

    Structural Regulation

    BSP Green Lights Q3 Launch of GoTyme Digital Bank

    By Editors | 05/08/2022

    GoTyme Bank, a joint venture of digital banking group Tyme and members of the Gokongwei Group of companies, was awarded a Certificate of Authority.

    Anti-Money Laundering

    New York State Regulator Penalises Robinhood Crypto Unit

    By Editors | 04/08/2022

    Robinhood Crypto had inadequate staffing of its AML programme, transaction monitoring deficiencies, and noncompliant cybersecurity policies.

    Cloud & Infrastructure

    eMPF: Reshaping the Hong Kong Pensions Landscape

    By Chris Pascoe | 02/08/2022

    The eMPF project presents an opportunity to transform all aspects of today’s compartmentalized and fragmented approaches to MPF administration, says Chris Pascoe.

    Cybersecurity

    Malaysia SC Proposes Technology Risk Management Rules

    By Editors | 01/08/2022

    The regulatory framework includes a set of principles for capital market entities to adopt in their use of AI/machine learning.

    Structural Regulation

    SEBI Proposes Rules for Mutual Fund ‘Execution-only’ Platforms

    By Editors | 31/07/2022

    Operators of platforms offering execution-only services in direct plans offered by mutual funds would have to register with SEBI, AMFI or stock exchanges.

    Fraud, Scams & Cybercrime

    US Recovers Crypto Ransoms Paid by Healthcare Providers

    By Editors | 23/07/2022

    The FBI seized about USD 500,000 from two crypto accounts that had received ransoms paid by US health care providers to North Korean hackers.

    Data Privacy

    China CAC Fines Didi ¥8bn for Data Security Breaches

    By Editors | 22/07/2022

    The fine is seen as a sign that China’s regulatory crackdown in the tech sector is winding down. Didi is expected to be able to resume normal operations.

    Structural Regulation

    Philippines: UnionBank Commences Digital Banking Operations

    By Editors | 20/07/2022

    UnionDigital Bank commenced operations on Monday after receiving the BSP’s green light for the launch last week.

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