Cybersecurity

Cybersecurity

Philippine SEC to Mandate New Cybersecurity Rules for Capital Markets

By Editors | 20/12/2020

Regulated entities will have to create a separate Information Security Group and appoint a Chief Information Security Officer.

Cybersecurity

CSRC Issues Draft Rules on Cybersecurity Incident Handling

By Editors | 20/12/2020

The draft rules provide new standards for categorising cybersecurity incidents based on severity, enhance incident reporting efficiency, and introduce added flexibility for punishments.

Operational Risk

HKMA Outlines Regtech Use Cases for Pandemic Environment

By Editors | 18/12/2020

In its fifth issue of ‘Regtech Watch’, the HKMA outlines four potential regtech use cases relevant to the pandemic environment.

Data Privacy

Japan FSA to Allow Banks Use Customer Data for Targeted Ads

By Editors | 15/12/2020

The FSA will reportedly allow local banks to use their customers’ data for targeted advertising and sales activities.

Conduct, Culture & Accountability

LeapXpert Recognised for Innovation to Facilitate Trading Surveillance

By Editors | 15/12/2020

LeapXpert’s platform integrates with third-party messaging applications to ensure employee communications with clients are compliant and employers can retain communications data.

Operational Risk

Improving Operational Resilience: A Priority for the Year Ahead

By David LaFalce | 14/12/2020

DTCC’s David LaFalce highlights the need for firms to remove manual processes, re-evaluate their interconnectedness, and seek out opportunities for industry collaboration.

Cloud & Infrastructure

APRA Directs Financial Firms to Use New D2A for Reporting From April

By Editors | 13/12/2020

APRA says entities should upgrade all instances of D2A between now and 31 March 2021. All submissions after 31 March 2021 must be made using D2A version 6.

Cloud & Infrastructure

Global LEI Foundation to Develop ‘Cryptographically Verifiable LEIs’

By Editors | 10/12/2020

The ‘vLEI’ will create a cryptographically secure chain of trust that replaces manual processes required to access and confirm an entity’s LEI data.

Data Privacy

Korea to Introduce Inspections of Personal Data Handling at FIs

By Editors | 10/12/2020

The routine inspections are aimed at ensuring consistency in data protection standards in the financial sector amid a changing data industry in Korea.