All posts tagged "Cyber risk"
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383Capital RegulationMAS Highlights FX Liquidity, Cyber Risk in Latest FSR
In its latest Financial Stability Review, the MAS highlights pressures on foreign currency liquidity and the potential impacts of a cyber attack on Singapore banks and their service providers.
December 2, 2019 -
784FeatureSFC 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 -
867Market InfrastructureSingapore Brokers Experience DDoS-related Disruption
MAS said a small number of stock brokers encountered DDoS attacks last week, but only “limited disruption” resulted due to their mitigation services being activated.
November 1, 2019 -
611JapanBOJ Warns of Financial Risks from Easy Lending, CLO Exposures
The BOJ warns of a buildup of risks from lending to “low-return borrowers”, delayed loan restructuring, and overseas exposures to leveraged loans and CLOs.
October 25, 2019 -
317Big 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 -
829FeatureHKMA Updates Guidance on E-Banking Risk Management
The updated supervisory policy manual seeks to strengthen risk management controls in electronic banking channels by providing more principle-based guidance.
October 25, 2019 -
207Australia & NZAPRA Seeks More Funding to Address Capability Review Findings
In his opening statement to a Senate estimates hearing this week, APRA chairman Wayne Byres said the regulator will need additional resourcing to deliver on its objectives.
October 25, 2019 -
393Big 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 -
1.1KContributed ArticleNavigating Regulation for Singapore’s Banking 4.0
Singapore banking sector players are tasked with finding a balance between open innovation and regulatory compliance, says Finastra's Wissam Khoury.
October 11, 2019 -
639Feature
Singapore FIs Need Stronger Cyber Risk Culture: MAS CSAP
CSAP members cite poor risk culture as a frequent contributing factor during cyber incidents, highlighting that clear expectations must be set at the board and senior management level.
October 1, 2019
