ADVERTISEMENT
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.
Emerging Prudential Risks
Australia: Mutual Banks Face “Avalanche” of Regulatory Change
By Manesh Samtani | 28/07/2021
A new benchmarking report from GRC Solutions highlights the challenges incoming regulatory requirements are presenting to the mutual banking sector.
Data Privacy
Chinese Firms Redirect IPOs From New York to Hong Kong
By Sanday Chongo Kabange | 26/07/2021
Chinese authorities are considering severe penalties for Didi Chuxing, which proceeded with its New York IPO despite being asked to first submit to a cybersecurity review.
Payments & Settlements
CPMI, IOSCO Identify Shortcomings in FMI Business Continuity Plans
By Editors | 22/07/2021
Some FMIs do not fully meet expectations with respect to recovery from operational incidents, such as natural disasters or IT systems outage.
Data Privacy
China to Exempt Hong Kong IPOs from Cybersecurity Reviews
By Editors | 18/07/2021
Chinese officials have reportedly outlined an exemption from the requirement to undergo a cybersecurity review for companies destined for a Hong Kong IPO.
Fraud, Scams & Cybercrime
INTERPOL Calls for Global Action to Prevent ‘Ransomware Pandemic’
By Editors | 16/07/2021
Criminals made $350mn in 2020 from ransomware payments, representing an increase of 311% in one year.
Anti-Money Laundering
Japan FSA, BOJ to Assess AML, Anti-fraud Measures at FIs
By Manesh Samtani | 14/07/2021
The FSA and BOJ are reportedly looking to better understand whether AML, anti-fraud, and cybersecurity measures at FIs are adequate.
Data Privacy
China to Require Cybersecurity Reviews Before Firms List Overseas
By Manesh Samtani | 14/07/2021
Companies that have personal information of more than 1 million users must submit to a cybersecurity review by the Office of Cybersecurity Review.
Emerging Prudential Risks
FSB Takes Stock of Covid-19 Lessons on Financial Stability
By Manesh Samtani | 13/07/2021
Covid-19 may yet test the resilience of the global financial system, as lenders could still face additional losses as support measures are unwound, the FSB warns.
AI Risk & Governance
MAS Launches ‘Veritas Challenge’ to Strengthen Trust in AI
By Manesh Samtani | 12/07/2021
MAS invites fintechs, solution providers and FIs to submit innovative solutions to help validate the fairness of AI solutions for selected banking use cases.
Emerging Prudential Risks
The Resilience Imperative: Succeeding in Uncertain Times
By Gabriele Vigo | 11/07/2021
Strengthening financial institutions’ resilience has never been more important, say Gabriele Vigo and Olivia White at McKinsey.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.