ADVERTISEMENT
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.
Cybersecurity
US Treasury Workstations, Documents Accessed by Hackers – Reports
By Editors | 01/01/2025
Treasury told lawmakers the incident has been attributed to a “China state-sponsored Advanced Persistent Threat (APT) actor”
Cybersecurity
SEBI Provides Relief on Deadlines for Cybersecurity Measures
By Editors | 01/01/2025
SEBI said it won’t impose penalties for non-compliance for three months provided REs can demonstrate progress with implementation.
AI Risk & Governance
South Korea Passed Law to Establish Regulatory Framework for AI
By Manesh Samtani | 28/12/2024
The passage of the AI Basic Act makes Korea just the second jurisdiction in the world after the EU to establish a comprehensive legal framework specifically governing AI
Data Privacy
Singapore Officials Apologise for Exposing NRIC Numbers
By Manesh Samtani | 22/12/2024
The mishap was attributed to a “miscommunication”. Banks, insurers reviewing NRIC practices. Security and privacy concerns persist.
Operational Risk
HKMA Requiring Banks to Develop Capability to Switch Between CRAs
By Sanday Chongo Kabange | 20/12/2024
Retail banks must have agreements in place with more than one CRA by Jan 2025 and complete switch-over testing within Q2 2025
AI Risk & Governance
HKMA Announces First Batch of GenAI Sandbox Participants
By Sanday Chongo Kabange | 20/12/2024
15 use cases from 10 banks and 4 technology partners were selected. Technical trials will commence in early 2025.
Custody & Infrastructure
SFC Issues Circular Offering Clarity on VATP Licensing Process
By Sanday Chongo Kabange | 19/12/2024
VATP applicants can receive conditional licenses with restrictions that can only be lifted after a second-phase assessment process.
Cryptocurrency
Hong Kong SFC Grants Four New Virtual Asset Licences
By Sanday Chongo Kabange | 19/12/2024
The SFC said the licences were granted under its “swift licensing process” for handling deemed-to-be-licensed VATP applicants
Data Privacy
Australia Settles Meta Lawsuit Over Cambridge Analytica Scandal
By Sanday Chongo Kabange | 18/12/2024
Meta agreed to pay A$50 million to compensate Australian Facebook users who had their personal information disclosed without consent.
AI Risk & Governance
Singapore, Australia Sign MOU to Expand Cooperation on AI
By Editors | 18/12/2024
Singapore’s Josephine Teo said the MOU opens new doors for AI collaboration across research institutes, businesses and government.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.