Cybersecurity

Data Privacy

FSC Korea Issues ‘MyData Services’ Guidelines Ahead of August Launch

By Editors | 27/02/2021

The guidelines require participating firms to ensure consumers have sufficient awareness of their privacy rights when consenting to data transfers.

Operational Risk

Pandemic Provides Key Lessons on Outsourcing Risk: APRA

By Ranamita Chakraborty | 24/02/2021

Speaking at a virtual event hosted by GARP, APRA’s Sean Carmody said the pandemic highlighted financial industry dependencies on certain third-party providers.

Conduct, Culture & Accountability

2021 Will Demand a Different Culture of Compliance

By Quincy Tse | 24/02/2021

Quincy Tse discusses how firms can cultivate and promote a culture of compliance even as remote work arrangements continue to be commonplace.

Cybersecurity

RBI Enhances Security Requirements for Digital Payment Apps

By Editors | 21/02/2021

The RBI has set out new prescriptive guidelines on the security protocols that need to be adopted in digital payment applications.

Structural Regulation

SEBI Board Meeting: A Preview of Things to Come

By Editors | 21/02/2021

SEBI has relaxed its minimum public offer requirements just days after revealing a number of new initiatives in its annual report.

Structural Regulation

Singapore Rated Asia’s Top Regulatory System, Followed by Hong Kong

By Editors | 18/02/2021

Duff & Phelps survey respondents rated the UK as the world’s top regulatory regime, followed by Singapore and the US, which tied for second place.

Cybersecurity

Australia Super Industry Calls for Better Cybersecurity Standards

By Ranamita Chakraborty | 16/02/2021

The industry is overwhelmingly in favour of introducing baseline cybersecurity standards and improving the regulatory framework to address industry-specific risks.

Cloud & Infrastructure

GLEIF Unveils Issuance, Infrastructure Models for Verifiable LEI

By Editors | 12/02/2021

The vLEI system will give legal entities the capacity to use non-repudiable identification data pertaining to their legal status, ownership structure and authorised representatives.

Cybersecurity

UPDATED: Over 100 Financial Firms Targeted by Single DDoS Attacker

By Editors | 10/02/2021

According to FS-ISAC, retail banking was the top target, accounting for 41% of the attacks, followed by exchanges at 15% and payments at 13%.