AI, Technology & Data

CBDCs

Japan: Expert Panel Calls for CBDC Preparations to Start

By Editors | 14/12/2023

A panel of experts said work should begin “without delay” on laying the legal groundwork for the issuance of a digital yen.

Data Privacy

China, Hong Kong Streamline Personal Data Sharing Across GBA

By Manesh Samtani | 14/12/2023

A standard contract will be piloted this month to allow personal data to be transferred within the GBA in a safe and orderly manner.

Cybersecurity

Taiwan Consults US Experts to Protect Banks from Cyberattacks

By Nithya Subramanian | 13/12/2023

Though 55 percent of APAC’s malicious cyberthreats targeted Taiwan this year, it has “near-zero capability” to defend itself.

Payments & Settlements

RBI Enhances E-mandate Limit for Recurring Transactions

By Ajoy K Das | 13/12/2023

The limit for processing e-mandates for recurring payments was increased for credit card bills, insurance premiums and mutual fund subscriptions.

ESG Data

Climate Action Data Trust Launches Public Dashboard

By Editors | 13/12/2023

The dashboard incorporates datasets from Verra, Global Carbon Council, EcoRegistry, BioCarbon Registry, the UNFCCC’s Clean Development Mechanism, and Bhutan’s national registry.

Sustainable Finance

Thailand SEC Unveils 2024-2026 Strategic Plan

By Editors | 12/12/2023

The plan seeks to boost trust in the capital market, promote the sustainable finance and digital asset ecosystems, and enhance supervisory and enforcement processes.

Cloud & Infrastructure

MAS Issues New Rules on Managing Outsourced Services

By Manesh Samtani | 12/12/2023

Banks will have to provide details to MAS about the services they outsource and ensure it can audit the service providers and obtain records and documents from them.

Cybersecurity

China Issues Draft Cybersecurity Incident Reporting Rules

By Editors | 12/12/2023

The rules require “large, severe, or extremely severe” cybersecurity incidents to be reported within one hour.

AI Risk & Governance

European Lawmakers Reach Agreement on AI Regulation

By Editors | 11/12/2023

AI systems that pose minimal risk will not have to meet any specific obligations. High risk systems will have strict requirements. Systems that pose unacceptable risk will be banned.