An IT system upgrade in April 2018 resulted in nearly 2 million TSB Bank customers being unable to access banking services.
December 22, 2022The FSA issued draft guidelines outlining the checks that will be performed by supervisors to ensure ESG investment trusts are true-to-label.
December 21, 2022ASIFMA says the data localisation requirements in SEBI's new cloud adoption framework will expose FIs to greater cybersecurity risks while negatively impacting global operations.
December 20, 2022Under the revised rules, ICO portals will also be allowed to outsource certain tasks to service providers, as long as they are not 'core' services.
December 7, 2022The framework says there are "no limitations" on the use of any cloud deployment models, but provision must only be from data centres empanelled by MeitY.
November 7, 2022Regulated entities will have to obtain source code from vendors for critical applications or ensure a software escrow agreement is in place.
October 24, 2022APRA expects all trustees to evaluate and improve their processes for selecting, monitoring and overseeing outsourcing arrangements.
October 8, 2022At least 20 alternative investment funds are under scrutiny for practices such as dividend stripping, priority payouts, and opaque valuation policies.
September 16, 2022Revolut is required to submit a business improvement plan by 3 October and file quarterly progress reports until implementation is complete.
September 7, 2022Banks' agreements with CSPs should ensure the HKMA can access information stored in the cloud and relevant risk management controls for on-site examinations.
September 2, 2022