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Trading & Investment
SFC Eying Rules on Instant Message Trade Orders
By Samuel Riding | 16/04/2018
Executive director also says regulator to develop common standard on the content and format of data required to be kept by investment firms.
Payments & Settlements
HKMA, HKEX Adopt New Messaging Standard
By Editors | 13/04/2018
Monetary authority and stock exchange to use messaging system across cross-border payments and remittances, support ‘open banking’.
Market Data & Technology
India to Level Playing Field Through ‘Managed Co-location Services’
By Garima Chitkara | 12/04/2018
SEBI asks exchanges to provide technical know-how and expertise to small traders that buy their co-location services in order to level the playing field among exchange members.
Data Privacy
Alipay Fined for Customer Rights, Data Protection Failures
By Editors | 12/04/2018
The company did not ensure customers had sufficient product information, failed to comply with rules on customer data, included misleading information in ads.
Data Privacy
India Directs Payment Firms to Store User Data Onshore
By Garima Chitkara | 09/04/2018
Payment service providers have been asked to move all consumer data, including end-to-end transaction details to India within six months to ensure easier access by the central bank for supervisory purposes. Foreign firms to be impacted more than domestic firms.
Cybersecurity
GFMA Publishes Common Approach for Cyber Penetration Testing
By Manesh Samtani | 05/04/2018
New penetration testing framework establishes process for industry-wide cross-jurisdictional coordination on development and use of existing frameworks.
Cloud & Infrastructure
Philippines to Strengthen Supervision Through Regtech
By Editors | 05/04/2018
BSP to adopt regtech solutions including API for electronic data submissions by FIs, chatbot for complaints to the regulator.
AI Risk & Governance
MAS Guidance on AI, Data Analytics In The Works
By Editors | 04/04/2018
Key financial industry stakeholders to co-create guide setting out key principles, best practices to strengthen governance, reduce data misuse risks.
Cybersecurity
Malaysia Foils Cyber Attack Involving Falsified SWIFT Messages
By Manesh Samtani | 01/04/2018
Unauthorised transactions were prevented by central bank, no financial losses occurred; near breach prompts increased vigilance in the Philippines.
AI Risk & Governance
SFC Issues Robo-advice Guidelines
By Samuel Riding | 29/03/2018
Robo-advice platforms should explain how their underlying algorithms operate, ensure regular testing to ensure they remain fit for purpose.
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