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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.
Cybersecurity
MAS Carries Out Cyber Resilience Exercise with French Regulators
By Editors | 19/06/2022
The joint exercise “fully confirmed” the ability of the MAS, BdF and ACPR to exchange and share information efficiently in times of crisis.
Cybersecurity
SEBI Enhances Cybersecurity Requirements for Asset Managers
By Editors | 19/06/2022
A new framework that took effect on 15 July requires AMCs to conduct cyber audits twice a year and report incidents within six hours of detection.
Fraud, Scams & Cybercrime
Singapore Trade Finance Registry to Go Live in Q4
By Editors | 16/06/2022
The Association of Banks in Singapore has selected MonetaGo and GUUD to deliver a registry that will prevent duplicate financing and fraud.
Cybersecurity
ASIC Calls on Listed Companies to Bolster Cyber Resilience
By Sanday Chongo Kabange | 16/06/2022
Companies should review their cyber resilience settings and ensure detection, mitigation and response measures are adequate, says Greg Yanco.
Operational Risk
HKIMR Explores Pandemic Lessons for Operational Resilience
By Editors | 16/06/2022
Effective implementation of business continuity plans was a key factor contributing to operational resilience, says new report.
Data Privacy
China Issues Certification Rules for Network Operators
By Darien Choong | 15/06/2022
The data processing activities covered under the rules include online data collection, storage, use, processing, transmission, provision, and disclosure.
Data Privacy
UK-Singapore Digital Economy Agreement Enters Into Force
By Darien Choong | 15/06/2022
The agreement promotes cooperation on cross-border data flows, fintech, cybersecurity, and mutual recognition of digital identity systems.
Custody & Infrastructure
Russia Launches Blockchain-Based Alternative to SWIFT
By Editors | 14/06/2022
Russian state-owned firm Rostec said the blockchain-based platform will allow settlements in national currencies and eliminate the risk of sanctions.
Cloud & Infrastructure
Japan, Singapore to Explore Mutual Recognition of Digital Identity
By Editors | 14/06/2022
Mutual recognition of digital identity credentials is part of an agreement to cooperate on the digital transformation of government services.
DeFi & Web3
Regulating the Metaverse: A “Metacode” of Conduct
By Kanv Pandit | 14/06/2022
Kanv Pandit highlights the need for a ‘metacode of conduct’ to protect metaverse users from loss and fraud until regulation catches up.
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