AI, Technology & Data

Fraud, Scams & Cybercrime

Australia: Industry Body Launches ‘Online Scams Code’ for Tech Firms

By Sanday Chongo Kabange | 29/07/2024

The Code was introduced by DIGI as a “proactive initiative” to fast-track consumer protection measures ahead of mandatory codes being introduced in Australia.

Cybersecurity

ECB Concludes First Cyber Resilience Stress Test for Banks

By Manesh Samtani | 29/07/2024

The ECB said the results will help raise awareness about existing cyber risks and “the need for investment to further enhance cyber resilience”.

KYC & CDD

France Restricts Access to Beneficial Ownership Register

By Editors | 29/07/2024

Competent authorities, professionals subject to AML/CFT obligations, and certain other individuals and entities will still be able to access the data.

Cloud & Infrastructure

US Regulators Request Information from Banks on Fintech Partnerships

By Editors | 27/07/2024

The Fed, FDIC, and OCC asked banks to provide information on their arrangements with third party fintech firms and risk management practices.

Fraud, Scams & Cybercrime

US, UK, South Korea Warn of DPRK Espionage Campaign

By Editors | 26/07/2024

Joint advisory says North Korean hacker group ‘Andariel’ is a threat to entities in the US, UK, South Korea, Japan and India.

AI Risk & Governance

Malaysia Launches First Skills Framework for Financial Sector

By Jaya Prakash Balakrishnan | 25/07/2024

The framework identifies job roles and skills in high demand as well as career development pathways and capacity building programmes.

Cybersecurity

China Issues Regulations for Revised State Secrets Law

By Editors | 24/07/2024

Among other things, the regulations promise rewards for those who report information leaks or the illegal acquisition of state secrets.

Clearing & Post-Trade

ISDA Calls for Greater Digitisation of Derivatives Documentation

By Ranamita Chakraborty | 24/07/2024

An industry survey has revealed that the average time taken to negotiate derivatives documents hasn’t fallen since 2006.

Stablecoins

Emerging Markets Particularly Vulnerable to Stablecoin Risks: FSB

By Editors | 24/07/2024

New FSB report says EMDEs are particularly vulnerable to macro-financial risks associated with the use of foreign currency-pegged stablecoins.