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.

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    Cybersecurity

    Emerging Tech is Raising Cyber Risk in Financial Industry – Report

    By Mark Johnston | 18/03/2024

    A new IIF-McKinsey report offers a roadmap for mitigating cyber risks amidst the rapid adoption of emerging technologies in finance.

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    Capital Adequacy

    Regulation Seen as Key Challenge to Derivatives Industry in 2024

    By Manesh Samtani | 13/03/2024

    New FIA and Coalition Greenwich research identifies capital requirements as the single greatest issue facing derivatives market participants.

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    Data Privacy

    Italy: UniCredit, NTT Data Fined Over 2018 Data Breach

    By Editors | 13/03/2024

    UniCredit failed to adopt technical and security measures capable of effectively countering cyberattacks, the Italian Data Protection Authority said.

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    Fraud, Scams & Cybercrime

    INTERPOL Unveils Results of Global Fraud Risk Assessment

    By Editors | 12/03/2024

    The assessment specifically identifies Asia as being the “focal point” of pig butchering fraud schemes, especially in poorer countries across the region.

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    Clearing & Post-Trade

    US Fed Updates OpRisk Rules for Major Clearing Organisations

    By Editors | 10/03/2024

    Designated clearing and settlement utilities are required to establish an incident management framework and advance their cyber resilience capabilities.

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    Cybersecurity

    EU Agrees Measures to Boost Cyber Defence Capabilities

    By Editors | 09/03/2024

    The EU will introduce a pan-European cyber security alert system, a cybersecurity emergency mechanism, and certification schemes for managed security services.

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    Fraud, Scams & Cybercrime

    Singapore Police, Banks Deploy RPA Technology to Combat Scams

    By Editors | 08/03/2024

    Over two months, the tech was used to send more than 15,000 SMSes to potential victims alerting them to the deceptive schemes they were entrenched in.

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    Anti-Money Laundering

    BSP to Enhance Reporting Rules for Money Services Businesses

    By Editors | 06/03/2024

    MSBs would also need to notify the BSP within five days of any event which may have a significant negative impact on their business or reputation.

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    Anti-Money Laundering

    Singapore ACRA to Streamline Corporate Regulatory Processes

    By Nithya Subramanian | 06/03/2024

    A tiered framework will be established to enable ACRA to disclose data to meet statutory obligations relating to anti-money laundering.

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    Cybersecurity

    RBNZ: New Cyber Reporting Rule to Start Next Month

    By Sanday Chongo Kabange | 06/03/2024

    Regulated entities will be required to report material cyber incidents to the RBNZ within 72 hours starting from 8 April 2024.

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