From 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, 2022The guidelines require banks to implement a unified system for the centralised management of their service prices to promote fair competition.
February 2, 2022Peiying Chua explains how financial institutions can ensure their implementation of AI does not run afoul of lawmakers and regulators.
January 31, 2022New guidance urges banks and insurers to "vigorously promote" digital financial services and further develop their data and technology capabilities.
January 31, 2022The pandemic highlighted that greater automation of compliance and supervisory processes may better accommodate a remote workforce.
January 14, 2022The guidelines emphasise the need for appropriate governance, differentiated controls based on the importance of outsourced functions, and awareness of concentration risk.
January 10, 2022