All posts tagged "Data"
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419AML / KYCCompanies Not Protecting Against Third Party Risk: Refinitiv
43% of third parties do not receive due diligence checks, and 62% of respondents do not know the extent to which third parties are outsourcing work.
May 19, 2020 -
925Fintech / RegtechFSC Korea to Assess Demand for New MyData Licences
Financial firms and fintechs approved by the FSC will be able to make financial product recommendations and offer financial advisory services on the new MyData platform.
May 14, 2020 -
626ChinaCBIRC Fines Eight Banks Over Poor Quality of Reported Data
The banks were each fined between 1.6mn and 2.7mn yuan for underreporting information on certain transactions, wealth management products, and credit asset transfers.
May 14, 2020 -
332ChinaCBIRC Probes China CITIC Bank Over Leaked Personal Data
Last week, a Chinese stand-up comedian accused the bank of disclosing his personal transaction information to his employer without consent.
May 13, 2020 -
371Big PictureAll Firms Are Taking Steps to Align Compensation With Risk: FSB
Banks, insurers and asset managers are increasingly making use of non-financial metrics and better data to assess compensation policy effectiveness and align compensation with risk.
May 13, 2020 -
420ChinaChina to Allow Foreign Banks’ Local Branches Fund Custody Licence
Under the trade agreement with the US in January, China committed to allowing branches of US financial institutions to provide fund custody services in the country within five months.
May 13, 2020 -
767InternationalFMSB Review Highlights Data Risks in Wholesale FICC Markets
The paper highlights the benefits of moving to a more centralised data strategy, including cost reduction, risk reduction, and the ability to better use data to drive value.
May 12, 2020 -
839Australia & NZACCC, OAIC Outline Enforcement Approach to Data Rights Breaches
A 'strategic risk-based approach' to compliance and enforcement has been adopted, focusing on building consumer confidence in the security and integrity of the Consumer Data Right system.
May 11, 2020 -
1.1KCapital RegulationBCBS Members Advancing Work on Climate-related Financial Risk
An "overwhelmingly large share" of BCBS members have conducted research related to the measurement of climate-related financial risks.
May 1, 2020 -
272Hong KongSFC Offers Guidance on Cyber Risk of Remote Office Arrangements
In a circular, the SFC sets out examples of controls and procedures to help licensed corporations protect their internal networks and data.
April 30, 2020
