The new requirements will ensure merchant acquiring services have measures in place to manage settlement risk, financial risk, fraud risk, technology risk and cyber risk.
September 23, 2021The EBA, ESMA and EIOPA warn of increasingly sophisticated cyber-attacks, deteriorating credit quality, and possible exuberance in markets.
September 13, 2021The self-assessments must be submitted to APRA by 30 November. Feedback will be provided early next year.
July 23, 2021Some FMIs do not fully meet expectations with respect to recovery from operational incidents, such as natural disasters or IT systems outage.
July 22, 2021Covid-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, 2021MAS wants funds to increase the frequency of liquidity risk monitoring and to extend reporting of significant redemptions to non-retail funds.
May 31, 2021Banks are asked to critically assess the need to set up a secure tertiary data backup to guard against destructive cyber attacks.
May 19, 2021APRA is piloting a risk culture survey, independent cyber security reviews, and a new data collection exercise on technology and cyber risks.
May 3, 2021This guidance provides the baseline-level of cyber resilience recommendations as well as recommendations for enhanced-level practices.
April 29, 2021The RBI has asked the payments provider Mobikwik to carry out an immediate forensic audit following allegations of a data breach.
April 7, 2021