During the pandemic, there was a strong link between the prevalence of work-from-home arrangements and the incidence of cyber attacks, particularly at financial institutions.
January 15, 2021ASIC is concerned Chi-X as an alternative venue did not see more trading activity during ASX's November outage, as would be expected given participants' best execution duty to clients.
December 22, 2020An outage or failure at a single third party could create a single point of failure with potential adverse consequences for financial stability, the FSB says.
November 10, 2020All financial advice providers will have to meet the standard conditions to obtain a full licence when the new advice regime takes effect on 15 March 2021.
November 9, 2020The DSB has expanded its Technology Advisory Committee to reflect the geographic diversity that will underpin the global UPI implementation effort.
October 29, 2020The FSC will require big financial firms to be able to restore operations within four hours after a disaster (possibly less for securities firms), among other measures.
August 11, 2020The principles aim to increase bank resilience to operational risk shocks, such as those arising from pandemics, cyber incidents, technology failures and natural disasters.
August 6, 2020The HKMA is looking to address a lack of conduct requirements for trust businesses used by banks and their subsidiaries for wealth management purposes.
July 13, 2020SGX RegCo's Boon Gin Tan and Michael Tang discuss the social aspects that issuers should consider describing in their sustainability reports in the context of COVID-19.
July 6, 2020Drawing from the Fraud Triangle Theory, Alvarez & Marsal's Chris Fordham discusses how the current crisis has created a perfect storm for fraud and misconduct.
July 3, 2020