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AI, Technology & Data
Cybersecurity
Regulation Increasingly Seen as Effective Way to Boost Cyber Resilience
By Manesh Samtani | 25/01/2023
New report by World Economic Forum and Accenture finds that 73% of business leaders think regulations are effective in reducing cyber risks.
CBDCs
BISIH London Invites Firms to Test Retail CBDC API Platform
By Editors | 25/01/2023
Project Rosalind’s phase one work will be complete within Q1 and be followed by a further phase focused on testing and validating API functionality.
Custody & Infrastructure
Thailand: New Crypto Custody Regulations Take Effect
By Tung Li Lim | 19/01/2023
The regulations provide clarity on the IT controls custody providers must have in place to mitigate cyber risks in their management of crypto wallets and keys.
Data Privacy
Australia: Three Law Firms Join Forces for Medibank Class Action
By Editors | 19/01/2023
The class action seeks compensation for Medibank customers who had their personal and health data stolen by Russia-linked hackers in last year.
Cybersecurity
China Set Out Plan to Develop Data Security Industry
By Editors | 18/01/2023
As part of the plan, FIs will be encouraged to invest in the field of data security and provide convenient and efficient financial services to the sector.
Data Privacy
China Releases New Data Standards for Public Fund Disclosures
By Editors | 18/01/2023
Funds should use technology to standardise and digitise disclosures of information on publicly-offered securities investment funds.
Structural Regulation
India Considers Law to Curb Unfair Practices by Big Tech
By Mark Johnston | 18/01/2023
The proposal would aim to prevent anti-competitive behaviour by dominant online platforms, similar to the EU’s Digital Markets Act.
Cybersecurity
China Further Signals End to Tech Sector Crackdown
By Manesh Samtani | 18/01/2023
Didi passed its security review and is allowed to resume onboarding new customers. Government entities are acquiring “golden shares” in some tech giants.
Cloud & Infrastructure
Korea to Start Charging for Use of Open Banking Platform
By Editors | 16/01/2023
The FSS will develop billing standards and retroactively calculate fees MyData service providers will have to pay in 2024 for their usage in 2023.
Cloud & Infrastructure
China to Fully Digitalise Bank Confirmation Letter Issuance
By Editors | 16/01/2023
Banks are directed to allow accounting firms to use digital platforms to request and receive confirmation letters for use in audits.
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