Albert Yuen and Jasmine Yung at Linklaters discuss Hong Kong's regulatory approach to technology risk and data security.
January 9, 2023On-site inspection will be initiated "immediately" in the event that financial services are interrupted for more than three hours due to a computer accident.
January 3, 2023ASIC alleges that American Express Australia breached its design and distribution obligations in relation to two credit cards it issued and co-branded with retailer David Jones.
December 7, 2022The guidance focuses on risk assessment, anti-DDoS control architecture, third party governance, and incident response and escalation.
November 29, 2022Holon has disclosed the risk that assets in the three funds could face a total loss of value. ASIC considers the funds not suited to the "wide target market" defined in the TMDs.
October 18, 2022Financial institutions are directed to adopt "robust and layered" security controls and industry best practices to reinforce email security.
October 15, 2022The orders prevent the funds from being offered or distributed to consumers until deficiencies in their TMD statements are addressed to ASIC's satisfaction.
September 15, 2022ASIC reviewed target market determinations for superannuation products and found noncompliance and poor practices by some trustees.
August 31, 2022Three firms are required to temporarily stop offering their products to consumers due to deficiencies in their target market determinations.
August 1, 2022Russian state-owned firm Rostec said the blockchain-based platform will allow settlements in national currencies and eliminate the risk of sanctions.
June 15, 2022