All posts tagged "Data Protection"
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1.2KBig PictureFSB 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 -
1.4KAML / KYCFATF Upgrades China on Three Recommendations in Follow-up
This is to reflect progress on regulating online lending, guidance issued to online lending and other DNFBP sectors, and China's prohibition on virtual asset activities.
October 2, 2020 -
1.1KAML / KYCEBA Calls for Harmonised AML/CFT Framework Across EU
Responding to a European Commission call for advice, the EBA says it recommends the establishment of a single rulebook to harmonise the AML/CFT framework across the EU.
September 11, 2020 -
2.1KBig PictureHong Kong AoF Publishes Report on AI Adoption in Banking
The report provides insights about the risk management frameworks and overarching supervisory principles banks use when adopting artificial intelligence.
August 24, 2020 -
1.2KChinaCSRC Drafts Rules on Third-party Platforms Use by Securities Firms
The rules require brokerage firms to guarantee technical and data security when using third-party platforms to conduct securities business activities.
August 19, 2020 -
794Market InfrastructureTaiwan to Require IT Security Enhancements at Financial Firms
The FSC will require big financial firms to be able to restore operations within four hours after a disaster (possibly less for securities firms), among other measures.
August 11, 2020 -
1.0KChinaCBIRC Fines Two Major Banks for Data Privacy Breaches
China Merchants Bank and Bank of Communications were fined for failing to protect the personal data of credit card customers.
August 9, 2020 -
1.2KFintech / RegtechFSC Designates Korea’s First ‘Data Specialising Institutions’
Korea Credit Information Services and the Financial Security Institute will be allowed to perform convergence of pseudonymised data originating from different financial businesses.
August 9, 2020 -
849Asia-PacificRegulatory Fragmentation in Markets Undermines Economic Recovery
Fragmentation introduces distortions and inefficiencies, undermining financing when it is needed to facilitate the recovery from Covid-19, ASIFMA says in a new report.
August 5, 2020 -
1.6KAsia-Pacific
Data: Fault Lines Criss-crossing Asia’s Capital Markets
Global harmonisation and progressive thinking are needed to support data connectivity between markets, says Matthew Chan at ASIFMA.
July 27, 2020
