Cybersecurity

Structural Regulation

FMA Finds Improved Regulatory Arrangements at NZX

By Ranamita Chakraborty | 01/07/2021

The overall design of NZ RegCo is a notable improvement on prior arrangements, FMA said in an annual review of NZX.

Cloud & Infrastructure

HKMA Sets Out ‘Four Actions’ to Realise Regtech 2025 Vision

By Manesh Samtani | 01/07/2021

At the HKMA’s flagship regtech conference, Eddie Yue outlined the initiatives underway to promote regtech adoption, including to explore a corporate version of iAM Smart.

Reporting & Disclosures

UK, Singapore Commit to Deepening Regulatory Cooperation

By Editors | 01/07/2021

Officials agree to explore cross-border financial regulation, carbon market trading linkages, and collaboration opportunities via their BIS Innovation Hub centres.

KYC & CDD

Digital Identity: A Sound Model for Risk Mitigation

By Manesh Samtani | 29/06/2021

Lax attitudes towards security by consumers have made it increasingly important for banks to take advantage of digital identity systems and put in place robust security measures.

Payments & Settlements

SWIFT’s Enhanced Platform Endorsed by Six Global Banks

By Editors | 29/06/2021

Bank of China, BNY Mellon, BNP Paribas, Citi, Deutsche Bank and Standard Chartered have confirmed their preparations for the enhanced platform ahead of the November 2022 go-live.

AI Risk & Governance

ASIFMA Calls for Harmonised Approach to Regulating AI

By Editors | 25/06/2021

Regulators should leverage existing frameworks that largely already address and mitigate the key risks associated with the increased use of AI.

Cybersecurity

Enterprise Ireland, Kapronasia Publish APAC Regtech Study

By Manesh Samtani | 23/06/2021

Lengthy procurement processes, cumbersome IT and security approvals, and implementation complexity are hindering APAC regtech adoption.

Fraud, Scams & Cybercrime

Australian Police to Establish Ransomware Taskforce

By Ranamita Chakraborty | 22/06/2021

The new taskforce will enable the Australian police to have a more unified approach to pursue ransomware attackers.

Cloud & Infrastructure

HKMA Issues Practice Guide on Cloud-based Regtech Solutions

By Manesh Samtani | 20/06/2021

Guidance is provided on the use of APIs to address barriers to adoption created by legacy systems that are inflexible to change.