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Cloud & Infrastructure
APRA Updates Guidance on Cloud Computing Use by Regulated Entities
By Manesh Samtani | 25/09/2018
Information paper acknowledges improvements in the ability of regulated entities to manage cloud computing risks, while also detailing observed weaknesses and areas of concern.
Fraud, Scams & Cybercrime
Japan FSA Probes $60mn Hack at Crypto Exchange
By Manesh Samtani | 24/09/2018
About two-thirds of the stolen cryptocurrency belonged to customers of the exchange platform Zaif, which will receive a cash infusion from Fisco Digital Asset Group to help repay them.
Cloud & Infrastructure
South Korea Designates Fintechs as Agents for Financial Institutions
By Manesh Samtani | 21/09/2018
Nine designated fintech firms will be allowed to provide services to customers for up to two years, testing their services as agents of partnering financial institutions.
Structural Regulation
Singapore, China Achieve ‘New Milestones in Financial Cooperation’
By Editors | 21/09/2018
Collaboration to focus on strengthening supervision, enhancing connectivity, cooperating on fintech and supporting the Belt and Road initiative.
Trading & Investment
High Speed Markets a Challenge for Central Banks
By Manesh Samtani | 20/09/2018
Modern market infrastructure and the volumes of data they bring present a challenge to central banks in the way they monitor markets to fulfil their mandates.
Payments & Settlements
HKMA Launches Faster Payment System, Common QR Code
By Manesh Samtani | 18/09/2018
New payment system connects banks and stored-value facility operators to enable instant payments in Hong Kong dollar and renminbi.
Cloud & Infrastructure
MAS, CFTC Sign Fintech Cooperation Arrangement
By Editors | 17/09/2018
Cooperation arrangement focuses on information sharing and facilitating referrals of fintech firms between Singapore and the US.
Data Privacy
ACCC Consults on Open Banking Data Rights Rules
By Editors | 13/09/2018
Consumer data rights framework to be initially applied under the open banking regime, with the big four banks set to make data available by 1 July 2019.
Emerging Prudential Risks
DTCC Identifies Post-GFC Opportunities to Enhance Financial Stability
By Manesh Samtani | 13/09/2018
Ten years after Lehman Brothers became insolvent, additional work is needed to fully address financial system vulnerabilities, while at the same time new risks have emerged.
AI Risk & Governance
South Korea Mulls Machine-Readable Regulation
By Garima Chitkara | 12/09/2018
FSS governor told fintech firms the regulator is considering machine readable regulation and automated data analysis systems to better detect and investigate financial crimes.
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