The FSS will establish an "autonomous security system" that FIs will be able to use to conduct IT audits and self-inspections to identify security threats.
March 20, 2024HKMA circular sets out expectations standards for banks that wish to provide digital asset custodial services to clients.
February 21, 2024The CFTC also granted DCO registration to a crypto derivatives exchange and brokerage, allowing it to act as its own clearinghouse.
December 21, 2023The guidelines are intended to improve the level of IT internal control in the financial industry and improve the resilience of individual firms.
November 9, 2023The master directions, effective from 1 April 2024, specify the IT governance responsibilities of the board and senior management.
November 8, 2023The draft makes clear that regulated entities may not outsource core management functions, such as decision-making functions like loan approvals.
October 27, 2023QRTAs are required to declare a disaster within 30 minutes of an incident and must be able to switch to the DRS within 45 minutes.
October 23, 2023RBI approval is not required for IT outsourcing arrangements, but they should be subject to on-site or off-site monitoring and inspection by regulators.
April 12, 2023The taskforce will assess existing cyber protections, response protocols, and safeguards around third-party service providers.
March 9, 2023Among the key tasks in the workplan, the FSS will work to strengthen governance structures, compensation systems, and internal control capabilities of banks.
February 10, 2023