All posts tagged "cloud services"
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327Capital RegulationCentralised Valuation Engine: An Uplift to Compliance & Decision Making
The benefits of a centralised valuation engine for derivatives portfolios have become more apparent for banks amid the pandemic and as the final Basel requirements loom.
July 28, 2021 -
257Big PictureFSB Takes Stock of Covid-19 Lessons on Financial Stability
Covid-19 may yet test the resilience of the global financial system, as lenders could still face additional losses as support measures are unwound, the FSB warns.
July 14, 2021 -
791Market 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 -
535Fintech / 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 -
786Big 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 -
1.0KContributed 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 -
546Hong 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 -
1.4KBig Picture
FSB 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 -
1.1KAML / 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
