All posts tagged "cloud services"
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1.2KHong KongHong Kong Considers Reforms to Data Privacy Laws
Key recommendations include higher penalties for breaches, mandatory data breach notifications, and a requirement for clear personal data retention policies.
February 12, 2020 -
819Market InfrastructureTaiwan FSC Outlines Bank Examination Priorities for 2020
The FSC's Financial Examination Bureau will reportedly focus on compliance with rules on AML, corporate governance, information security, consumer protection and personal data protection.
December 26, 2019 -
625Big PictureNo Immediate Financial Stability Risks from Cloud Services: FSB
While no immediate financial stability risks have been identified, there may be new issues to consider given the scale of services provided via the cloud and the small number of globally dominant players.
December 10, 2019 -
1.0KFeatureSFC Issues Guidance on Outsourcing of Data Storage
Licensed corporations must ensure cyber and operational risks are properly mitigated and that the SFC’s access to regulatory records is not restricted or otherwise undermined.
November 1, 2019 -
392Big PictureEffective Governance, Regulation Can Mitigate Cyber Risk: Moody’s
Regulators can help to mitigate the cyber threat by promoting contingency planning in banking and enabling information sharing among banks and regulators.
October 25, 2019 -
499Big PictureFSB Highlights Market Fragmentation Issues in Letter to G20
In a letter to the G20 finance ministers and central bank governors, the FSB says the development of post-crisis reforms is “nearly complete”, but implementation progress remains uneven.
October 15, 2019 -
971Big PictureHalf of IT Budgets to Go to Cloud Services in 2020: Refinitiv
Financial firms say public cloud projects are delivering better-than-expected cost reductions and enabling innovation, but data privacy and regulatory concerns are slowing adoption.
September 10, 2019 -
632FeatureABS Updates Guidance on Cloud Outsourcing Arrangements
The updated guide offers best practices to ensure resiliency and recoverability while maximising the benefits FIs derive from cloud outsourcing arrangements, including for 'critical systems'.
August 5, 2019 -
671Fintech / RegtechCCP12 Publishes Best Practices to Address Outsourcing Risk
As CCPs move to more complex supply chain models, proper oversight mechanisms and controls need to be in place to manage the risks introduced by third-parties.
July 26, 2019 -
802InternationalData Localisation Policies Impair Provision of Financial Services – GFMA
The GFMA urges policymakers to develop alternatives to data localisation policies that ensure data protection while still supporting the financial services sector and the end-users it serves.
March 25, 2019
