All posts tagged "cloud services"
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462Market InfrastructureMAS Issues Guidance on Managing Risks of Cloud Services
In a new advisory, MAS highlights the key risks and control measures FIs should consider before adopting public cloud services.
June 4, 2021 -
406Fintech / RegtechBOJ Publishes Paper on Cloud Services Risk Management
The paper is aimed at helping FIs to improve their IT governance by increasing awareness of cloud services and related risk management practices.
March 15, 2021 -
582Big PictureCovid-19 Has Changed the Cyber Threat Landscape: BIS
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, 2021 -
949Contributed ArticleData Storage Rules: A Christmas Present From the SFC
While the SFC's new FAQs on the use of cloud storage make compliance more manageable, licensed corporations still need to weigh their options, says Derek McGibney at Cognitive GRC.
December 11, 2020 -
444Hong Kong
SFC Provides Alternative for Compliance With Data Storage Rules
The SFC will accept an undertaking from core function MICs as an alternative means of satisfying the requirement for a countersigned notice or undertaking from an EDSP.
December 10, 2020 -
1.5KBig PictureDTCC Paper Offers Guidance on Cloud Adoption in Financial Services
The paper suggests the establishment of a principles-based, harmonised regulatory framework to better support adoption of cloud services by financial institutions.
November 13, 2020 -
1.3KBig PictureFSB Advances Dialogue on Outsourcing, Third Party Relationships
An 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, 2020 -
947AML / KYCSFC Eases Uncertainty Over National Security Law – Report
Implementing US sanctions is unlikely to be considered a breach of the national security law. The SFC has dropped a plan to force cloud providers to share client data.
November 10, 2020 -
507EuropeHigh-Level Forum Charts Course to Achieve EU Capital Markets Union
In a new report, the EU's High-Level Forum on capital markets union offers specific recommendations on developing deeper, more dynamic and more harmonised markets across EU member states.
June 11, 2020 -
1.7KInternationalFinancial Sector Suffers More Cyber Attacks Than Any Other Sector
But, because the financial sector spends more on IT security and manages the risks better, it also suffers lower costs than other sectors.
May 21, 2020
