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Credit Risk
HK Banks Must ‘Fully’ Participate in New Credit Reference Platform
By Manesh Samtani | 11/07/2022
The new platform, expected to be launched by year-end, will serve as an interface for lenders and CRAs to share consumer credit information.
Cybersecurity
GLEIF Launches vLEI Issuer Qualification Programme
By Manesh Samtani | 07/07/2022
The vLEI is a digital version of the LEI which can be securely verified online against the source information held in GLEIF’s data repository.
Trading & Investment
China Outlines Plans to Develop Beijing into Technology Hub
By Editors | 07/07/2022
The measures seek to create a “multi-tier, professionalised and specialised tech financing system” in Beijing.
Data Privacy
China Issues New Rules on Data Export Security Assessments
By Editors | 07/07/2022
The rules set out the security assessment framework for cross-border data transfers.
Conduct, Culture & Accountability
MAS, IBF Adjust Training Scheme Funding Parameters
By Editors | 07/07/2022
MAS says training and upskilling culture in the financial sector workforce has taken root, and high uptake in training is encouraging.
Cybersecurity
SEBI Directs Brokers to Report Cyber Threats Within Six Hours
By Editors | 06/07/2022
Quarterly reports must be issued containing information on cyber incidents, risk mitigation measures, bugs and vulnerabilities, and threat details.
Structural Regulation
Taiwan FSC Set to Open Applications for Internet-Only Insurer Licences
By Darien Choong | 05/07/2022
Applications will be open from 1 August. Fubon Financial and CTBC Financial have reportedly expressed interest in the licence.
Anti-Money Laundering
AUSTRAC Issues Update on Reporting System Enhancements
By Editors | 05/07/2022
AUSTRAC has commenced development of a new CRM platform which will enable it develop enhanced self-service capabilities in AUSTRAC Online.
AI Risk & Governance
MAS Assesses Fairness of FIs’ Use of AI/Machine Learning
By Editors | 05/07/2022
MAS conducted a thematic review on selected FIs’ implementation of Fairness Principles in their use of AI/machine learning.
Credit Risk
HKMA Explores Use of Deep Learning for Credit Risk Assessment
By Editors | 04/07/2022
A trained model was able to consistently detect corporate credit deterioration at both the transaction level and aggregate level with a three-month lead time.
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