A new open-source software toolkit has also been published to enable financial institutions to automate the fairness metrics assessment.
February 6, 2022EuReCA will act as an early warning tool which will help competent authorities to act before ML/TF risks crystallise, the EBA said.
February 3, 2022New BIS paper says consent-based data governance systems with low transaction costs are key to promoting the development of virtual banking worldwide.
January 28, 2022The rules tighten restrictions on internet platform companies investing in financial services firms and ask them to implement capital and leverage ratio requirements.
January 26, 2022The standards set out the requirements for testing the security of mobile internet applications used in the securities and futures industry.
January 18, 2022The final rules, proposed in July, require companies holding personal data of more than one million users to undergo a cybersecurity review before they can list overseas.
January 6, 2022The new platform will serve as an interface for credit providers and CRAs to share credit data, as Hong Kong prepares to introduce additional CRAs in the city.
December 20, 2021Banks may not share customers' personal data with third parties including their own group companies for direct marketing purposes.
November 23, 2021PBOC governor Yi Gang expressed concerns that some big tech firms have been collecting customer data without consent and misusing the data.
November 5, 2021Government reviews will be mandatory if data exporters handle personal data of more than 1 million residents, or the “sensitive” personal data of more than 10,000 people.
November 5, 2021