Regulated entities must ensure they and their agents do not resort to intimidation or harassment of any kind against any person in their debt collection efforts.
August 16, 2022Philip Keller outlines key considerations for banks when establishing a protocol to ensure data can only be shared in a safe, reliable, timely, and complete manner.
August 15, 2022MAS conducted thematic inspections on the operational risk management standards and practices of selected banks, with a focus on third party risk management.
August 8, 2022APRA proposes to introduce a new cross-industry prudential standard on operational risk management, which also covers third-party service providers.
July 29, 2022Banks, insurers and non-bank deposit takers will need a ‘financial institution licence’ issued by the FMA starting in early 2025.
July 21, 2022The practice guide is meant to help banks plan the implementation of regtech solutions to address the risks associated with third-party relationships.
July 19, 2022IOSCO has set out observations and lessons learned from the pandemic response to help inform future operational resilience arrangements.
July 12, 2022ICO portals cannot provide services for digital token offerings if there is a conflict of interest, such as in situations where they hold shares in the issuer.
June 29, 2022Regulated entities don't require specific approvals to outsource IT services, but appropriate policies and a risk management framework must be in place.
June 29, 2022FIs in Hong Kong should review whether their commercial agreements contain requirements equivalent to the recommended model contractual clauses, say Albert Yuen and Eunice Lee.
June 28, 2022