AI, Technology & Data

Cybersecurity

HKMA Issues Guidance on Protecting Against DDoS Attacks

By Editors | 28/11/2022

The guidance focuses on risk assessment, anti-DDoS control architecture, third party governance, and incident response and escalation.

AI Risk & Governance

Kaizen’s Single Rulebook Recognised for Change Management Solution

By Editors | 28/11/2022

Part of Kaizen Reporting, Single Rulebook was created in May 2019 to provide an easier and more cost-effective way of managing a changing regulatory landscape.

CBDCs

BOJ to Involve Banks in CBDC Testing Around April 2023

By Sanday Chongo Kabange | 28/11/2022

The BOJ’s next phase of CBDC testing will involve Japan’s three megabanks as well as regional banks. A digital yen could be issued in 2026.

Structural Regulation

China Establishes Five New Reform Zones for Tech Innovation

By Editors | 26/11/2022

Directive calls on banks, insurers and PE firms to provide services and investment to innovative companies in Shanghai, Nanjing, Hangzhou, Hefei and Jiaxing.

Structural Regulation

FSC Korea Outlines Reforms to Provide Boost to Insurance Sector

By Editors | 26/11/2022

The reforms will promote digital marketing and sales channels, product innovation, and ease insurance asset management rules to enable more efficient portfolio management.

Reporting & Disclosures

UK, Singapore to Deepen Collaboration on FinTech, Sustainable Finance

By Editors | 26/11/2022

The UK and Singapore agreed to deepen cooperation on FinTech and sustainable finance, including to explore a global framework for regulating ESG ratings and data providers.

Cybersecurity

CSRC Issues Technology Standards for Securities, Futures Firms

By Editors | 26/11/2022

Seven new standards include guidance to help firms improve information security, protect key data including client information, and ensure the continuity of their IT services.

Data Privacy

UK Finalises South Korea Data Adequacy Decision

By Editors | 25/11/2022

UK organisations will be able to securely share personal data, including credit information, with South Korea before the end of the year.

Data Privacy

India Publishes New Data Protection Bill for Consultation

By Manesh Samtani | 25/11/2022

The bill will ease India’s data localisation requirements, allowing data fiduciaries to transfer personal data to countries that are approved by the government.