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.

    Anti-Money Laundering

    MAS Tables Bill to Obtain Enhanced Regulatory Powers

    By Sanday Chongo Kabange | 15/02/2022

    The Financial Services and Markets Bill will give MAS enhanced regulatory powers to address misconduct, crypto asset and technology risks.

    Cybersecurity

    Taiwan FSC Urges ListCos, Brokers to Bolster Cyber Defences

    By Editors | 14/02/2022

    The regulator is encouraging listed companies and securities firms to share information security information to achieve greater effectiveness in their cyber defences.

    Cloud & Infrastructure

    China to Digitise Bank Confirmation Services in New Pilot

    By Darien Choong | 11/02/2022

    The participants of the pilot programme include 32 listed companies, 7 accounting firms, 7 banks, and 1 third-party digital platform provider.

    CBDCs

    RBNZ to Commence Design Work on CBDC Proof of Concept

    By Mark Johnston | 10/02/2022

    Governor Adrian Orr said falling behind other central banks is “not an option” and the RBNZ will soon begin POC design and testing for a CBDC.

    Cybersecurity

    Thai SEC Calls on Crypto Businesses to Improve Cybersecurity

    By Editors | 09/02/2022

    The SEC reminds crypto businesses to bolsters their cybersecurity systems, safeguard customer assets, and comply with IT audit and penetration testing requirements.

    Cloud & Infrastructure

    GLEIF Publishes Governance Details for Digitally Verifiable LEI

    By Manesh Samtani | 08/02/2022

    The vLEI Ecosystem Governance Framework is part of an initiative to ensure that every legal entity has a digital identity that can be trusted and easily verified.

    Fraud, Scams & Cybercrime

    Philippines: DOJ, BAP to Collaborate on Combatting Cybercrime

    By Ranamita Chakraborty | 07/02/2022

    The DOJ and BAP will collaborate on stronger measures to combat online fraud, including to enhance enforcement and prosecution of cybercriminals.

    Data Privacy

    Taiwan to Enable Secure Sharing of Personal Credit Score Data

    By Darien Choong | 04/02/2022

    Under a new mechanism, consenting parties can submit personal credit score data to the JCIC, which will encrypt the data and securely share it with qualified P2P lenders.

    Reporting & Disclosures

    MAS to Issue New Anti-Greenwashing Rules for ESG Funds

    By Manesh Samtani | 31/01/2022

    Greenwashing poses a “real and present danger” to industry efforts to advance sustainability considerations in their investment processes.

    AI Risk & Governance

    Evolving AI Risks and Regulations in Singapore and the EU

    By Peiying Chua | 31/01/2022

    Peiying Chua explains how financial institutions can ensure their implementation of AI does not run afoul of lawmakers and regulators.

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