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Cryptocurrency
OCBC ‘Actively Exploring’ Partnerships to Enter Crypto Space
By Manesh Samtani | 21/11/2021
OCBC’s Aditya Gupta says digital assets will be mainstreamed into the financial ecosystem “before we know it”, creating new growth opportunities and revenue streams for banks.
Custody & Infrastructure
ASX Opens DLT-as-a-Service Platform for Production Use
By Editors | 21/11/2021
Synfini uses the same underlying technology as ASX’s replacement system for CHESS, but is offered as a cloud service to facilitate product innovation.
Cybersecurity
FS-ISAC Offers Recommendations for Cyber Defence in 2022
By Mark Johnston | 21/11/2021
APAC financial institutions face threats from ransomware attacks, supply chain risks, and the resurgence of trojans and DDOS attacks.
Cybersecurity
Japan FSA to Issue New Orders to Mizuho Over System Glitches
By Editors | 21/11/2021
The FSA will issue a new business improvement order this month over Mizuho’s system glitches, one of which resulted in possible breaches of AML rules.
CBDCs
A Regulatory Minefield: The Future of Digital Currency
By Mark Johnston | 18/11/2021
Digital currencies are the regulatory challenge of our time with significant upsides of financial inclusion, but also a minefield requiring careful navigation.
Capital Adequacy
Sri Lanka Budget Imposes Heavy Burden on Financial Industry
By Duruthu E Chandrasekera | 18/11/2021
Sri Lankan bankers estimate that nearly 50 percent of the proposed LKR 304 billion in the budget will come from the financial services industry.
Cloud & Infrastructure
RBA to Upgrade IT Infrastructure to Improve Resilience, Lower Costs
By Sanday Chongo Kabange | 18/11/2021
The upgrades are intended to address technical issues in the RBA’s existing infrastructure, some of which is “facing obsolescence” and requires costly maintenance.
Cybersecurity
FSS Korea Fines Naver Financial for Data Security Failures
By Editors | 16/11/2021
The FSS fined Naver Financial and issued warnings against three executives for exposing its office intranet to external risks.
Payments & Settlements
BSP Pursues Cross Border Payment Links with Malaysia, Thailand
By Editors | 16/11/2021
The BSP has been in dialogue with ASEAN central banks including MAS, BNM and BOT to make cross-border payment flows cheaper and more seamless.
Data Privacy
China Issues New Draft Regulations on Online Data Security
By Manesh Samtani | 15/11/2021
Companies looking to IPO in Hong Kong would have to undergo a cybersecurity assessment if their data-processing activities may have an impact on national security.
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