Albert Yuen and Jasmine Yung at Linklaters discuss Hong Kong's regulatory approach to technology risk and data security.
January 9, 2023The new framework will significantly increase the capital market’s ability to detect and mitigate the risks that come with new technologies, SC chairman said.
December 7, 2022The guidance focuses on risk assessment, anti-DDoS control architecture, third party governance, and incident response and escalation.
November 29, 2022Digital banks must meet the same Basel III capital, liquidity and leverage requirements applicable to universal and commercial banks.
September 22, 2022Banks' agreements with CSPs should ensure the HKMA can access information stored in the cloud and relevant risk management controls for on-site examinations.
September 2, 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, 2022The regulatory framework includes a set of principles for capital market entities to adopt in their use of AI/machine learning.
August 2, 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, 2022MAS managing director Ravi Menon described the licensing process as necessarily stringent for Singapore to be a responsible global crypto hub.
May 3, 2022FIs would face penalties over SGD 1 million for breaching TRM requirements. VASPs will have to be licensed to offer services in Singapore.
April 6, 2022