AI, Technology & Data

    Cybersecurity

    India Introduces Cybersecurity Rules for Mutual Funds, Asset Managers

    By Editors | 11/01/2019

    Mutual funds and asset management companies must develop a cybersecurity policy document approved and regularly reviewed by their boards and trustees.

    Emerging Prudential Risks

    Regulatory Reporting Pressure in APAC: A 2019 View

    By Wouter Delbaere | 09/01/2019

    In the year ahead, banks will have to focus on seamless data integration and regtech adoption to cope with increasingly complex regulatory reporting requirements, says Wolters Kluwer’s Wouter Delbaere.

    Data Privacy

    Hong Kong Lawmakers Push for Consumer Data Protections – Report

    By Editors | 08/01/2019

    Lawmakers are pushing for greater oversight of credit reference agencies following the discovery of security loopholes in TransUnion’s online service for credit reports.

    Cloud & Infrastructure

    Malaysia Issues Policy Standards for Open Data APIs

    By Editors | 08/01/2019

    A new central bank policy document outlines recommendations for financial institutions developing and publishing Open Data APIs.

    AI Risk & Governance

    SEBI Instructs Brokers, Depository Participants to Report on AI, ML Systems

    By Editors | 07/01/2019

    Stock brokers and depository participants will have to report information on systems based on artificial intelligence and machine learning.

    Fraud, Scams & Cybercrime

    UPDATED – Losses from Bank Fraud Up 72 Percent – RBI

    By Editors | 07/01/2019

    According to RBI data, the higher losses are in large part due to increasing cybercrime as well as the Punjab National Bank scandal in February 2018.

    Structural Regulation

    Hong Kong SFC Launches New Online Submission Portal

    By Editors | 07/01/2019

    All functions and submission services available on the existing SFC Online Portal will be migrated to the new platform in phases.

    Anti-Money Laundering

    New Rules for Payments, E-Commerce Take Effect in China

    By Editors | 04/01/2019

    Non-bank payment institutions will be required to report to the central bank any consumer transactions exceeding 50,000 yuan and cross-border transfers over 200,000 yuan.

    Market Abuse

    SEBI to Upgrade Market Surveillance System and Data Warehouse

    By Editors | 04/01/2019

    India’s securities regulator is looking to beef up its IT infrastructure for market surveillance and trade data analysis to improve detection of market violations.

    Operational Risk

    BNM Issues Policy Document Targeting Outsourcing Risk at FIs

    By Editors | 31/12/2018

    Malaysia’s central bank has raised expectations on the board and senior management to ensure effective oversight and governance of outsourcing arrangements.

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