AI, Technology & Data

Cybersecurity

Google Cloud Joins FS-ISAC’s Critical Providers Programme

By Editors | 17/03/2023

The partnership is intended to bolster supply chain security and foster transparency within the financial sector.

Supervision & Enforcement

Australian Regulators to Intensify Banking Sector Supervision

By Sanday Chongo Kabange | 17/03/2023

The CFR will monitor the fallout from the collapse of US banks through ‘intensive supervision’ of Australia’s banking system.

Cybersecurity

US SEC Proposes New Requirements to Address Cyber Risks

By Editors | 16/03/2023

The proposals will enhance cyber and technology risk management requirements for key entities that underpin the US securities market.

Operational Risk

Swedbank Fined for IT Incident Which Impacted 1m Customers

By Editors | 16/03/2023

Swedbank made a change to a business-critical IT system without following its internal procedures and processes.

Payments & Settlements

HKIMR Report Explores GBA Cross-border Payments Challenges

By Editors | 16/03/2023

A survey of FIs found that some GBA transactions are still processed manually. Other challenges relate to differing messaging formats, regulatory requirements and investment quotas.

Climate Risk

European Banks to Undergo Climate, Cyber Stress Tests

By Mark Johnston | 15/03/2023

European regulators have been asked to conduct a one-off climate risk scenario analysis. The ECB separately plans to launch a thematic stress test on cyber resilience.

Payments & Settlements

BSP Sets 1 July for Mandatory Adoption of QR Ph Standard

By Editors | 15/03/2023

From 1 July, all FIs and PSPs must disable all non-QR Ph codes and proprietary QR codes and ensure they are no longer be available to the public.

Cybersecurity

CFTC Unveils Newly Constituted Tech Advisory Committee

By Editors | 14/03/2023

Carole House from Terranet Ventures and Ari Redbord from TRM Labs will serve as committee chair and vice chair, respectively.

Fraud, Scams & Cybercrime

Chinese Bourses Look to Tech to Combat Fraud in Markets

By Editors | 13/03/2023

The SZSE has been testing technology from an analytics firm to detect fraud and vet listings, while the SSE is proposing the use of big data and AI.