AI, Technology & Data

Cloud & Infrastructure

GLEIF to Accelerate the LEI Integration in Digital Certificates

By Editors | 11/03/2021

GLEIF will work with Certification Authorities and Trust Service Providers to develop and promote best practices for the use of LEIs in digital certificates.

Cloud & Infrastructure

APRA to Adopt New Consultation Approach to Data Collection

By Manesh Samtani | 11/03/2021

APRA plans a consultation process that will allow it to design its data collections in a way that will minimise friction and reduce the regulatory burden of regulated entities.

Supervision & Enforcement

Korean Bankers Grow Fearful of ‘Unilateral’ Regulatory Penalties

By Sanday Chongo Kabange | 11/03/2021

Korea Federation of Banks chairman says the punishments imposed against executives whose banks sold Lime funds are seen by many as a way to shift blame.

Trading & Investment

Travel Restrictions Holding Up Wealth Management Connect

By Manesh Samtani | 10/03/2021

PBOC official Bai Hexiang said the Wealth Management Connect scheme can be implemented once people can travel freely between Hong Kong, Macau and the mainland.

Cybersecurity

EBA on Heightened Security Alert Following Cyber Attack

By Editors | 09/03/2021

Tens of thousands of organisations in Asia, Europe and the US were targeted in a campaign that exploited vulnerabilities in different versions of Microsoft’s mail server software.

Anti-Money Laundering

KoFIU’s New AML System Showing ‘Significant Improvements

By Editors | 08/03/2021

The new STR filing system and the screening and analysis process have been made more efficient, while guaranteeing better system security and stability.

Capital Adequacy

FSC Korea Unveils Policy Plans for Insurance Sector

By Ranamita Chakraborty | 06/03/2021

The policy plans include measures to promote digital insurance products and establish standards for online platform services, among other measures.

Cybersecurity

Taiwan FSC Penalises Brokers for Lax Security Controls

By Editors | 04/03/2021

Cathay Securities, Concord Securities and SinoPac Securities were fined the most and barred from certain business and capital raising activities for three months.

Operational Risk

BNM Revises Guidance on Operational Risk Reporting

By Editors | 03/03/2021

The revisions enhance the granularity of reporting requirements and align definitions with the FSB’s cyber lexicon.