All posts tagged "cloud services"
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390Fintech / RegtechRBI Issues Draft Rules on Managing IT Outsourcing Risks
Regulated entities don't require specific approvals to outsource IT services, but appropriate policies and a risk management framework must be in place.
June 29, 2022 -
546FeatureBNM Issues Draft Guidance on Managing Cloud Risks
The guidance sets out expectations on the governance processes, design principles, and operational controls FIs should consider when adopting cloud services.
June 5, 2022 -
642FeatureFSC 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 -
656Big PictureFinancial Stability Risks from BigTech May Be Increasing: FSB
The FSB warns that bigtechs could become so large or dominant that their failure could have a severe impact on economic activity and financial stability.
March 22, 2022 -
731Fintech / RegtechCSA Singapore to Update Cybersecurity Act, Code of Practice
The updates will seek to address ransomware, cloud and 5G technology risks faced by critical information infrastructure sectors including banking & finance.
March 10, 2022 -
1.3KFeatureJapan FSA to Inspect FIs for Cybersecurity Effectiveness
The FSA will carry out inspections to verify the effectiveness of cyber security systems at FIs. Common issues and good practices identified will be shared with the industry.
February 22, 2022 -
829Malaysia
BNM Revises Regulatory Framework for Money Services Businesses
The draft rules cover governance arrangements, operational requirements, risk management and internal controls, and IT requirements.
January 3, 2022 -
786ESG / Sustainability
FSC Korea Sets Out Work Programme for 2022
The work plan focuses on measures to maintain financial stability, reduce debt risks, promote financial innovation, and enhance the FSC's rules on network security.
December 29, 2021 -
314Australia & NZRBA to Upgrade IT Infrastructure to Improve Resilience, Lower Costs
The upgrades are intended to address technical issues in the RBA's existing infrastructure, some of which is "facing obsolescence" and requires costly maintenance.
November 18, 2021 -
1.2KCapital / LiquidityCentralised 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
