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Payments & Settlements
RBA Calls on Major Banks to Enhance NPP Services
By Editors | 05/05/2022
The RBA is seeking assurances on the timely implementation of new NPP services, and asking banks to improve the reliability of the NPP services they already provide.
Fraud, Scams & Cybercrime
BSP Sanctions BDO, UBP Over Unauthorised Bank Transfers
By Editors | 04/05/2022
The BSP said it has completed its investigation into the incident and sanctioned both BDO Unibank and UBP, but it did not specify the penalties.
Cloud & Infrastructure
India’s GIFT City to Introduce Fintech Regulatory Sandbox
By Editors | 04/05/2022
The dedicated regulatory sandbox is part of government efforts to establish GIFT City as ‘world class’ fintech hub.
Data Privacy
Taiwan FSC Allows Cross-institutional Data Sharing
By Editors | 03/05/2022
Information sharing will be allowed between FIs that do not have group relations, provided that the data sharing model is first reviewed and approved by the FSC.
Trading & Investment
CSRC Launches Campaign to Expand Public Funds Market
By Manesh Samtani | 03/05/2022
Banks, insurers, brokers and foreign FIs are urged to establish licensed fund management companies. Fund investment channels will be expanded and operational rules relaxed.
Cybersecurity
India: CERT-In Includes Crypto Firms in New Directions
By Manesh Samtani | 03/05/2022
The directions require crypto exchanges, custodians and wallet providers in India to retain KYC information for five years and report cyber incidents to CERT-In.
AI Risk & Governance
HKMA Issues Regtech Guide on Adopting AI-based Solutions
By Editors | 02/05/2022
The guide highlights the need for banks to establish proper data and AI governance frameworks, and maintain continuous control over AI-based solutions post-implementation.
Cloud & Infrastructure
DSB Issues Consultation on OTC ISIN and CFI Service
By Editors | 30/04/2022
The consultation focuses on remediation work following a technical review of the DSB’s cloud infrastructure, enterprise-wide risk monitoring tools, and GUI enhancements.
Cybersecurity
CSRC Proposes to Tighten Rules on Cybersecurity Management
By Editors | 30/04/2022
Securities and futures firms will have to establish risk monitoring and early warning systems, and strengthen daily vulnerability scanning and security assessments.
Sustainable Finance
HKMA Launches New Initiative to Address Banking Talent Gap
By Editors | 29/04/2022
The initiative is aimed at growing the banking sector talent pool in three areas, namely fintech, green and sustainable finance, and GBA business.
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