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Cybersecurity
Thai SEC Launches New Portal for Cyber Incident Reporting
By Editors | 03/04/2022
The portal will also be used to disseminate information about preventive measures firms can take to reduce the risks and impacts of cyber threats.
Data Privacy
New Data Protection Requirements Enter into Force in Japan
By Manesh Samtani | 03/04/2022
Japan’s revised law on the protection of personal data raises penalties for non-compliance, tightens breach reporting requirements, and gives data subjects additional rights.
Operational Risk
BCBS Expresses Concerns About Fourth Party Technology Risks
By Editors | 01/04/2022
Banks and supervisors are concerned that a lack of complete supply chain transparency may increase operational risk.
Cloud & Infrastructure
APRA Sets Out Roadmap for Full Transition to APRA Connect
By Editors | 01/04/2022
APRA says it will receive all data collections through APRA Connect by 2027, and regulated entities should prepare by exploring automation opportunities.
Emerging Prudential Risks
FSB Publishes Work Programme for 2022
By Editors | 31/03/2022
Key focus areas include work to address Covid-19 scarring effects, enhance cross-border payments, and address financial risks from climate change.
AI Risk & Governance
BIS, MAS Launch Prototype Supervisory Analytics Platform
By Manesh Samtani | 31/03/2022
Project Ellipse can provide regulators with early warning indicators, analytics and prudential metrics to assist them in risk detection and banking supervision.
Fraud, Scams & Cybercrime
BSP Requires Banks to Implement Real Time Fraud Monitoring
By Sanday Chongo Kabange | 31/03/2022
Under new relations, Philippine banks and NBFIs are required to implement automated and real-time fraud monitoring and detection systems by end-December.
Payments & Settlements
RBI to Require Geo-Tagging of Payment System Touch Points
By Editors | 31/03/2022
Banks and payment system operators will have to capture, maintain and report the geographical coordinates of all payment touch points deployed by merchants.
Structural Regulation
Next Bank Launches as Taiwan’s Third Digital-only Bank
By Darien Choong | 30/03/2022
Next Bank shareholders include Chunghwa Telecom, PX Mart, Mega International Commercial Bank, KGI Bank, the Shin Kong Group, and Trade-van.com.
Cloud & Infrastructure
BOT Offers Update on Transition to Sustainable Digital Economy
By Editors | 29/03/2022
The BOT will publish a virtual bank licensing framework by Q2 2022, and directions on its open banking policy in Q3 2022.
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