AI, Technology & Data

Cybersecurity

APRA Identifies Defective Cyber Controls at NGS Super

By Sanday Chongo Kabange | 08/12/2023

APRA said multiple reviews identified deficiencies in NGS’ compliance with its standards on information security.

Data Privacy

Australia Passes Identity Verification Bill to Boost Privacy and Security

By Mark Johnston | 08/12/2023

The new legislation will require identity verification services to adhere to privacy and security standards and report breaches to the OAIC.

Emerging Prudential Risks

Geopolitical Risk Seen as Top Risk to Financial Industry in 2024

By Editors | 08/12/2023

As many as 47% of respondents cited geopolitical risk as the number one risk impacting the global financial system in 2024.

Conduct, Culture & Accountability

HKIMR Report Offers Guidance on Talent Development

By Editors | 08/12/2023

The report presents findings from two surveys and other analysis to recommend talent development strategies for Hong Kong’s financial industry.

Conduct, Culture & Accountability

HKAB, DTCA Issue Revised Banking Code of Practice

By Sanday Chongo Kabange | 08/12/2023

Banks are expected to achieve full compliance with the new Code within 6 months. More time is given for provisions involving complex system changes.

Cybersecurity

HSBC Trials Quantum Protection for AI-powered FX Trading

By Sanday Chongo Kabange | 07/12/2023

HSBC is using its own AI-powered tool to safeguard trades of any value from quantum attacks and other cyber risks.

Data Privacy

Australian Treasury Releases New Enterprise Data Strategy

By Mark Johnston | 07/12/2023

The strategy outlines four key themes and actions to leverage data for timely, informed and influential policy advice.

AI Risk & Governance

Singapore Launches New National AI Strategy

By Editors | 06/12/2023

Singapore will collaborate with industry AI product development teams, create focused AI training programmes, and accept AI talent from around the world.

Operational Risk

FSB Finalises Third-Party Risk Management Toolkit

By Editors | 05/12/2023

Tools are provided to help FIs identify critical services and manage third-party risks, and to help regulators supervise such risks.