If a licensee experiences a significant disruption, they must promptly notify the FMA no later than 72 hours after the incident.
July 12, 2023The amendments cover a wide range of topics, addressing climate, digitalisation, interest rate risk, cyber risk, counterparty credit risk, and bank culture.
July 7, 2023CFTC commissioner sees a need for the industry to shift "from incident response to cyber resilience". New rule will be proposed in the next few months.
June 24, 2023ASIC plans to extend its automated order processing rules to futures markets and update its electronic trading guidance to reflect developments with AI.
June 23, 2023Shannon Wong and Lisa Huang discuss the HKMA's expectations on operational resilience ahead of a fast approaching 31 May deadline.
May 15, 2023TSB Bank's chief information officer was fined for his management of a key outsourcing relationship fell below expected standards.
April 14, 2023The FSB's work programme for 2023 includes plans to develop and run a global bank stress test in cooperation with the BCBS.
March 31, 2023APRA chairman John Lonsdale shared findings from its latest banking stress test and reviews on cyber preparedness and resilience.
March 29, 2023The CFR will monitor the fallout from the collapse of US banks through ‘intensive supervision' of Australia’s banking system.
March 17, 2023In a letter to G20 ministers, FSB chair Klaas Knot discusses commodity market vulnerabilities and work to address DeFi/crypto risks and enhance cross-border payments.
February 22, 2023