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Cybersecurity
Malaysia Developing New Technology Risk Management Framework
By Editors | 07/12/2022
The new framework will significantly increase the capital market’s ability to detect and mitigate the risks that come with new technologies, SC chairman said.
Cryptocurrency
SEC Thailand to Tighten Conflict Management Rules for ICO Portals
By Editors | 06/12/2022
Under the revised rules, ICO portals will also be allowed to outsource certain tasks to service providers, as long as they are not ‘core’ services.
Cloud & Infrastructure
Bursa Malaysia Publish Digitalisation, Nation Building Guidance for PLCs
By Editors | 06/12/2022
Five digital guidebooks have now been published under the PLC Transformation programme, to help deliver sustainable and robust financial performance from listed companies.
Anti-Money Laundering
Wolfsberg Group Endorses Use of AI/ML for Financial Crime Compliance
By Manesh Samtani | 05/12/2022
New report sets out five principles that support the ethical and responsible use of artificial intelligence and machine learning in financial crime compliance.
Data Privacy
APRA Pledges to Minimise Burden of New Data Collections
By Editors | 02/12/2022
APRA says it is committed to “early and frequent” engagement with the industry on its new data collections, what it calls a “co-design approach”.
Cybersecurity
EU’s Digital Operational Resilience Act Wins Final Approval
By Manesh Samtani | 01/12/2022
All financial entities and the third parties that provide them ICT-related services will have to adhere to DORA requirements from around the end of 2024.
Cybersecurity
CPMI, IOSCO Identify Cyber Resilience Weaknesses at Some FMIs
By Editors | 30/11/2022
Some financial market infrastructures have not yet developed their cyber response and recovery plans to meet the two-hour recovery time objective.
Emerging Prudential Risks
BNM Consults on Licensing Framework for Digital Insurers
By Mark Johnston | 30/11/2022
Digital insurers and takaful operators will initially be subject to a lower minimum paid-up capital requirement during a 3-5 year foundational period.
Data Privacy
Australia Passes Bill Raising Penalties for Privacy Violations
By Manesh Samtani | 29/11/2022
The legislation also amends the extraterritorial jurisdiction of the Privacy Act to bring into scope foreign firms conducting business in Australia.
Cybersecurity
APRA to Intensify Industry Scrutiny Following Medibank Hack
By Sanday Chongo Kabange | 29/11/2022
APRA to intensify supervision of all entities not meeting CPS 234. Medibank executive pay could be impacted.
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