All posts tagged "Technology Risk Management"
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601Fintech / RegtechMAS Sets Out Expectations on Third Party Risk Management
MAS conducted thematic inspections on the operational risk management standards and practices of selected banks, with a focus on third party risk management.
August 8, 2022 -
352FeatureMalaysia SC Proposes Technology Risk Management Rules
The regulatory framework includes a set of principles for capital market entities to adopt in their use of AI/machine learning.
August 2, 2022 -
1.1KContributed ArticleImpacts of New PCPD Guidance on Cross-border Data Transfers
FIs 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, 2022 -
674AML / KYCSingapore: Revolut, Luno Get In-Principle Approval to Offer DPT Services
MAS managing director Ravi Menon described the licensing process as necessarily stringent for Singapore to be a responsible global crypto hub.
May 3, 2022 -
1.1KAML / KYC
Singapore Tightens Laws on Technology Risk, Crypto Assets
FIs 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 -
17.9KAML / KYCMAS Tables Bill to Obtain Enhanced Regulatory Powers
The Financial Services and Markets Bill will give MAS enhanced regulatory powers to address misconduct, crypto asset and technology risks.
February 16, 2022 -
1.1KAsia-PacificCBSL Issues Technology Risk Management Rules for Banks
The rules require banks to establish an Information Security Committee, chaired by the CEO, to assess the strategic and operational management of the technology risk.
December 28, 2021 -
679EnforcementMAS Considers ‘Appropriate Supervisory Actions’ After DBS Outage
MAS considering “appropriate supervisory actions” following two days of digital services disruption at DBS Bank.
November 25, 2021 -
1.1KContributed ArticleBanking on API Management to Succeed in the Digital World
AdNovum's David Chan discusses the need to safeguard APIs as financial institutions increasingly seek to digitalise their services.
June 17, 2021 -
538Feature
MAS Issues Consultation Response on Credit Reporting Regulations
Licensed credit bureaus will be required to establish a Code of Conduct and comply with requirements on technology risk management and cyber security.
June 1, 2021
