AI, Technology & Data

Fraud, Scams & Cybercrime

Bangladesh: Three Private Banks Hit by Cyber Attacks

By Editors | 25/06/2019

Hackers stole $3m from Dutch-Bangla Bank using cloned credit cards and cash machines in Cyprus, Russia and Ukraine.

Trading & Investment

Hong Kong SFC Releases 2018-19 Annual Report

By Editors | 24/06/2019

The SFC is working to introduce an investor identification regime for southbound Stock Connect trading in mid-2019, and considering adopting a market-wide circuit breaker mechanism.

Capital Adequacy

BCBS Agrees to Revise Leverage Ratio, Disclosure Requirements

By Editors | 21/06/2019

Margin received from clients allowed to offset cleared derivatives exposure used to calculate leverage ratio. New disclosure requirements will address leverage ratio window dressing.

AI Risk & Governance

Korea FSS to Use Artificial Intelligence for PE Fund Screening

By Editors | 20/06/2019

The proposed AI system will be used to analyse the terms and conditions of new private equity fund contracts to increase screening speed and efficiency.

Cloud & Infrastructure

Singapore Banks Well-Equipped Against Fintech Threat: Moody’s

By Garima Chitkara | 20/06/2019

Singapore’s three largest banks are well placed to ward off threats to their market share by fintech firms, even as friendly regulatory policies encourage greater growth in the sector.

Cybersecurity

BNM to Set Up Cyber Threat Intelligence Platform

By Editors | 19/06/2019

BNM governor says the platform will strengthen the financial industry’s capabilities to respond to cyber threats and help create a safe environment for innovation.

Cybersecurity

IOSCO Urges Members to Review, Enhance Cyber Standards

By Editors | 19/06/2019

A new report from the IOSCO Cyber Task Force provides an overview of three internationally recognised cyber standards and frameworks used by IOSCO members.

Cybersecurity

BSP Orders FIs to Coordinate Cyber Threat Response

By Editors | 17/06/2019

BSP supervised financial institutions are asked to participate in the BAPCID, a platform for sharing cyber threat information and best practices.

Clearing & Post-Trade

SFTR: An Opportunity to Upgrade, Automate

By Manesh Samtani | 17/06/2019

DTCC’s Val Wotton and Oliver Williams explain the challenges SFTR presents in Asia, and how firms can best prepare in the lead-up to implementation starting in April 2020.