All posts tagged "Outsourcing"
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309EnforcementRBI Penalised StanChart, SBI for Regulatory Violations
The RBI cited non-compliance with its directions on customer protection, cybersecurity, outsourcing, and reporting.
October 19, 2021 -
439Asia-PacificBSP Proposes Prudential Requirements for Digital Banks
The BSP proposes a 3 percent RRR for digital banks, aligning them with thrift lenders. A 7th licence will not be issued at the stage as previously planned.
October 11, 2021 -
372AML / KYCAUSTRAC Outlines Common Reporting Mistakes – Report
Reporting mistakes have included incorrectly-used fields, late filings, inconsistent data input, and defensive reporting.
September 7, 2021 -
263IndiaRBI Issues Outsourcing Framework for Payment System Operators
Payment system operators may not outsource core management functions such as risk management, internal audit and KYC compliance.
August 5, 2021 -
205India
RBI Issues New Guidelines on Outsourcing for Coop Banks
Cooperative banks should not outsource policy formulation, internal audit, KYC compliance, credit approval and portfolio management.
July 3, 2021 -
313Big PictureAmCham Offers Taiwan Tips for Improving Financial Sector
AmCham Taipei's new whitepaper offers recommendations for banking, capital markets, asset management, private equity, insurance, tax, and sustainable development.
June 28, 2021 -
427Asia-PacificASIFMA Calls for Harmonised Approach to Regulating AI
Regulators should leverage existing frameworks that largely already address and mitigate the key risks associated with the increased use of AI.
June 25, 2021 -
428FeatureBNM Sets Out New Draft Policy for E-Money Issuers
The exposure draft proposes to impose additional requirements including on capital for e-money issuers that have "substantial market presence".
June 15, 2021 -
1.3KCrypto / Digital AssetsMAS Issues Guidance on Managing Risks of Cloud Services
In a new advisory, MAS highlights the key risks and control measures FIs should consider before adopting public cloud services.
June 4, 2021 -
481InternationalIOSCO Finds Gaps in BCP Rules for Trading Venues, Intermediaries
Some jurisdictions have regulatory requirements for critical systems of trading venues that do not extend to outsourced functions.
May 8, 2021
