AI, Technology & Data

    Cybersecurity

    Singapore Brokers Experience DDoS-related Disruption

    By Editors | 31/10/2019

    MAS said a small number of stock brokers encountered DDoS attacks last week, but only “limited disruption” resulted due to their mitigation services being activated.

    Cloud & Infrastructure

    S. Korea Launches 10-Bank Pilot of Open Banking System

    By Editors | 31/10/2019

    Initially, bank customers will be able to access services from 10 banks, before the system is expanded to other banks and fintech firms in December.

    Payments & Settlements

    NPP Australia Unveils Roadmap for New Payments Capabilities

    By Editors | 30/10/2019

    The roadmap includes the development of new structured data capabilities, third party payment initiation, and the ability to link regular payments to a mobile number.

    Structural Regulation

    HKMA Stresses Consumer Protection Ahead of Open Banking Phase II

    By Editors | 30/10/2019

    The HKMA outlines its expectations for the consumer protection practices financial institutions should adopt for Open API Phase II and beyond.

    Cloud & Infrastructure

    APRA to Delay Launch of New Data Collection Solution

    By Editors | 29/10/2019

    APRA is reviewing its implementation approach due to the complexity and significant burden of migrating all existing collections to the new solution.

    Anti-Money Laundering

    ACIP Workshop: Key Challenges to Deploying AML Data Analytics

    By Editors | 28/10/2019

    The workshop participants discussed two of the key challenges to implementing data analytics systems to fight financial crime – explainability and governance.

    Credit Risk

    BOJ Warns of Financial Risks from Easy Lending, CLO Exposures

    By Manesh Samtani | 25/10/2019

    The BOJ warns of a buildup of risks from lending to “low-return borrowers”, delayed loan restructuring, and overseas exposures to leveraged loans and CLOs.

    Conduct, Culture & Accountability

    Regulatory Data: Arrows for the Quiver?

    By Hannah Cassidy | 25/10/2019

    Banks need to be cognisant of how the data they provide to regulators is being used, says Herbert Smith Freehills in its 2019 Global Bank Review.

    Cybersecurity

    Effective Governance, Regulation Can Mitigate Cyber Risk: Moody’s

    By Manesh Samtani | 25/10/2019

    Regulators can help to mitigate the cyber threat by promoting contingency planning in banking and enabling information sharing among banks and regulators.

    Operational Risk

    HKMA Updates Guidance on E-Banking Risk Management

    By Editors | 25/10/2019

    The updated supervisory policy manual seeks to strengthen risk management controls in electronic banking channels by providing more principle-based guidance.

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