AI, Technology & Data

Data Privacy

EU Parliament Adopts Framework for Digital Identity Wallet

By Editors | 05/03/2024

The EU wallet will be used on a voluntary basis, allowing EU citizens to identify and authenticate themselves online without using commercial providers.

Conduct, Culture & Accountability

BNM Consults on Enhanced Product Disclosure Requirements

By Sanday Chongo Kabange | 02/03/2024

BNM is consulting on enhanced product disclosure requirements to minimise mis-selling of financial products.

Cloud & Infrastructure

Singapore Readies New Act to Boost Digital Resilience

By Nithya Subramanian | 01/03/2024

The new Digital Infrastructure Act will improve accountability of cloud services and data centre operators, which are crucial to the financial sector.

Cloud & Infrastructure

BNM Launches Enhanced Framework for Regulatory Sandbox

By Editors | 01/03/2024

The enhanced framework makes it easier for early-stage fintechs to meet the eligibility requirements and introduces an accelerated pathway for regulated firms.

Data Privacy

US to Ban Certain Data Transfers to China, Russia

By Editors | 29/02/2024

Executive Order authorises actions to prevent the personal data of US citizens from being transferred to so-called “countries of concern”.

Market Data & Technology

JPX to Launch New Data Services Platform by End-March

By Editors | 28/02/2024

“J-LAKE” will centralise the management and analysis of financial and capital market data and help expand JPX’s data distribution services.

Cybersecurity

Philippine SEC Consults on Cyber Resilience Guidance

By Sanday Chongo Kabange | 28/02/2024

The SEC and PSE are consulting proposed guidance for regulated entities on establishing and maintaining a cyber resilience framework.

Credit Risk

Australia Commences Review of Credit Reporting Framework

By Sanday Chongo Kabange | 28/02/2024

The review, to be conducted by former APRA executive Heidi Richards, will consider the efficiency and effectiveness of the framework.

Operational Risk

CROs in Asia-Pacific Concerned About Operational Resilience: Survey

By Nithya Subramanian | 28/02/2024

The latest findings by EY and IIF revealed that bank CROs are most worried about technology risk, a key driver of operational disruptions.