AI, Technology & Data

Cybersecurity

CSRC Finalises New Cybersecurity Rules for Securities, Futures Industry

By Editors | 12/03/2023

The rules include requirements relating to stress testing, data backups, emergency response measures, and management of third-party suppliers.

Cybersecurity

CFTC to Develop Stronger Rules to Address Cyber Risk

By Editors | 12/03/2023

The CFTC is seeking to require derivatives dealers to exercise more due diligence and oversight of the third-party service providers.

AI Risk & Governance

IOSCO to Develop Capacity Building Tool for Emerging Markets

By Editors | 09/03/2023

The so-called “MASI” tool will assist in self-assessments against the IOSCO core principles and facilitate comparisons against more developed regulatory frameworks.

Cloud & Infrastructure

SEBI Finalises Cloud Adoption Framework for Regulated Entities

By Sanday Chongo Kabange | 09/03/2023

Regulated entities have one month to provide SEBI with details of the cloud services they have deployed and 12 months to ensure full compliance with the new framework.

Cybersecurity

FIA to Form New Global Taskforce in Response to ION Outage

By Manesh Samtani | 08/03/2023

The taskforce will assess existing cyber protections, response protocols, and safeguards around third-party service providers.

Fraud, Scams & Cybercrime

HK Losses from Crypto Scams Exceeded $200m in 2022

By Editors | 08/03/2023

Financial losses from crypto-related scams accounted for more than half of the total value lost through technology crime last year, police say.

Data Privacy

South Korea Approves Amendments to Data Privacy Law

By Editors | 08/03/2023

The amendment introduces new rights for data subjects, such as the right to data portability, and the right to object to automated decision-making.

Structural Regulation

China Plans Structural Overhaul of Financial Sector Regulators

By Editors | 08/03/2023

A new national financial regulatory authority will be established, absorbing the CBIRC and taking over some functions from the PBOC and CSRC.

PEPs & Sanctions

US Commerce Department Adds 3 Dozen Entities to Trade Blacklist

By Editors | 06/03/2023

Of the 37 companies added to the list, 28 are Chinese entities including those involved in advanced technologies and genetic data collection.