All posts tagged "business continuity"
-
582Australia & NZAPRA Outlines Expectations on Managing Crypto-Asset Risks
Regulated entities looking to launch crypto-asset-related operations should consult their supervisor first. A longer-term prudential framework is being developed.
April 22, 2022 -
582FeatureFSC Korea to Relax Network Separation, Cloud Computing Rules
The rule amendments seek to address excessive regulations that have hindered digital transformation efforts in the financial sector.
April 20, 2022 -
484IndiaRBI Identifies Faults in Risk, Compliance, Audit Functions
The RBI has bolstered its supervisory focus at banks amid findings of compliance, risk management and internal audit weaknesses.
April 5, 2022 -
619Big PictureBCBS Expresses Concerns About Fourth Party Technology Risks
Banks and supervisors are concerned that a lack of complete supply chain transparency may increase operational risk.
April 1, 2022 -
433FeatureHKMA Issues Additional Guidance for SVF Licensees
New practice note offers guidance on governance, outsourcing, internal controls, technology risk, and business conduct, among other areas.
March 28, 2022 -
359Fintech / RegtechBSP Revises Regulatory Framework for E-money Issuers
E-money can refer to monetary value "electronically stored in an instrument or device" - including cash cards, prepaid cards, stored value cards or digital wallets.
March 15, 2022 -
551Market Infrastructure
BSP Issues Revised Outsourcing Rules for Banks
Banks need BSP approval to enter into material outsourcing arrangements. They must also conduct periodic assessments to ensure outsourcing risks are properly managed.
February 28, 2022 -
479Hong KongHK Clearinghouses Ask Participants to Review Operational Procedures
Participants are warned that failure to adhere to the settlement timelines stipulated by the clearinghouses would constitute an event of default, which could result in disciplinary actions.
February 13, 2022 -
1.1KChinaCBIRC Issues New Guidelines on Managing Outsourcing Risk
The guidelines emphasise the need for appropriate governance, differentiated controls based on the importance of outsourced functions, and awareness of concentration risk.
January 10, 2022 -
728Australia & NZASIC Imposes Licence Conditions on ASX Over 2020 Outage
ASIC wants market participants to be able to re-route trades to alternative venues such as Chi-X in the event of a future market outage.
November 26, 2021
