The guidance sets out expectations on the governance processes, design principles, and operational controls FIs should consider when adopting cloud services.
June 5, 2022The rules increase emphasis on ethical conduct and governance, loosen licensing restrictions, and allow public fund managers to outsource operations.
May 25, 2022The BSP says trust companies can use the internal audit function of a parent bank or NBFI, or outsource internal audit activities to an external firm.
April 4, 2022New practice note offers guidance on governance, outsourcing, internal controls, technology risk, and business conduct, among other areas.
March 28, 2022The BCBS is exploring banks' use of AI/ML, specifically in the areas of explainability, governance, and resilience and financial stability.
March 18, 2022From 10 March 2023, financial markets and participants will have to comply with new technological and operational resilience rules.
March 11, 2022CTRL Investments allowed investors who could not demonstrate the necessary skills and knowledge to trade derivatives.
March 5, 2022Banks need BSP approval to enter into material outsourcing arrangements. They must also conduct periodic assessments to ensure outsourcing risks are properly managed.
February 28, 2022The FSA will carry out inspections to verify the effectiveness of cyber security systems at FIs. Common issues and good practices identified will be shared with the industry.
February 22, 2022The FSB has started to examine regulatory and supervisory issues and approaches to address risks stemming from unbacked crypto-assets.
February 18, 2022