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Conduct, Culture & Accountability
Five Steps to Address E-Comms Risk and Avoid Regulatory Penalties
By Rupal Patel | 22/12/2022
The industry is playing catch up with the impact of working from home and must ensure e-comms risk is managed in a better way, says Rupal Patel at Acin.
Operational Risk
UK Regulators Fine TSB Bank Over IT Upgrade Failures
By Editors | 22/12/2022
An IT system upgrade in April 2018 resulted in nearly 2 million TSB Bank customers being unable to access banking services.
Data Privacy
ASIFMA Asks for Changes to SEBI Cloud Adoption Framework
By Editors | 19/12/2022
ASIFMA says the data localisation requirements in SEBI’s new cloud adoption framework will expose FIs to greater cybersecurity risks while negatively impacting global operations.
Structural Regulation
HKEX Proposes to Further Expand Paperless Listing Regime
By Editors | 19/12/2022
Paperless initiatives announced since 2020 have improved efficiency and lowered costs for issuers, HKEX says, proposing changes to further simplify its administrative procedures.
PEPs & Sanctions
US Adds Chinese Chipmakers, AI Firms to Trade Blacklist
By Editors | 19/12/2022
The move builds on new export controls announced in October, which were designed to prevent the transfer of advanced technology to China’s military, intelligence and security services.
AI Risk & Governance
Singapore, EU to Expand Partnership to ‘Digital Realm’
By Editors | 18/12/2022
The partnership includes efforts to advance new and emerging areas such as 5G/6G, artificial intelligence, and digital identities.
Data Privacy
ACCC Fines ING for Breaching CDR Rules, Refuses iSignthis Accreditation
By Editors | 18/12/2022
The ACCC said ING Bank was not capable of receiving consumer data requests from accredited data recipients within the required timelines.
Fraud, Scams & Cybercrime
HKMA Asks StanChart to Investigate Unauthorised Card Transactions
By Editors | 18/12/2022
Standard Chartered has said there is no evidence of a data leak, that it would arrange refunds, and that it has strengthened its monitoring systems in response.
Structural Regulation
PBOC Issues Draft Regulations for Financial Infrastructures
By Editors | 17/12/2022
The regulations cover registration and custody systems, clearing and settlement, trading facilities, transaction reporting databases, important payment systems, and credit reporting systems.
Fraud, Scams & Cybercrime
Singapore Releases Blueprint to Combat Ransomware Attacks
By Mark Johnston | 17/12/2022
The blueprint includes recommendations to discourage ransomware payments and make it mandatory for organisations to report such payments.
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