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Cybersecurity
APRA Updates Cyber Insurance Reporting Requirements
By Ranamita Chakraborty | 18/03/2021
APRA has adopted a recommendation to extend the timeframe for full implementation, saying it will facilitate a more effective process without materially impacting its objectives.
Cloud & Infrastructure
Australia to Expand Scope, Length of Fintech Select Committee
By Editors | 18/03/2021
The FinTech Select Committee’s mandate has been extended from an April deadline to October 2021. A report on its work programme is expected in April.
Cloud & Infrastructure
BNM Increases Funding for SME Digitalisation Initiatives
By Editors | 18/03/2021
The SME Automation and Digitalisation Facility, launched in March to help SMEs automate processes and digitalise operations, has more than tripled in size.
Cybersecurity
Australia Considers Legislation to Make Boards Liable for Cyber Risk
By Editors | 17/03/2021
Legislation currently before Parliament includes security obligations for entities responsible for critical infrastructure, a list that will be significantly expanded.
Cloud & Infrastructure
WEF Paper Offers Recommendations on China Fintech Regulation
By Sanday Chongo Kabange | 17/03/2021
The paper says it is necessary to build a new regulatory framework that allows a shift from entity-based regulation to activity-based regulation.
Cybersecurity
New Report Explores Outlook for Hong Kong Virtual Banks
By Editors | 17/03/2021
The paper features case studies of Revolut and Tinkoff Bank, as well as insights from interviews with all eight Hong Kong virtual banks.
Structural Regulation
BIS Paper Offers Policy Options for Regulating Bigtech
By Manesh Samtani | 17/03/2021
Authorities are assessing whether existing regulatory approaches are fit for the purpose of regulating the financial operations of bigtechs.
Operational Risk
JBA Issues Guidance in Response to Mizuho Glitches
By Editors | 15/03/2021
Banks are asked to carefully prepare for any major system upgrades involving extensive data processing, and to ensure appropriate lines of communication are established.
Cloud & Infrastructure
BOJ Publishes Paper on Cloud Services Risk Management
By Sanday Chongo Kabange | 15/03/2021
The paper is aimed at helping FIs to improve their IT governance by increasing awareness of cloud services and related risk management practices.
Payments & Settlements
Philippine SEC Launches New Online Payments System
By Editors | 13/03/2021
The ‘SEC Payment Portal’ allows for the payment of registration fees, penalties and other fees using other cashless payment options.
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