All posts tagged "technology risk"
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800Asia-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 -
305MalaysiaBNM Proposes New Rules For Payment System Operators
BNM proposes governance, risk management and operational requirements to ensure safety, efficiency, reliability and confidence in payment systems.
December 17, 2021 -
257Asia-PacificThai SEC to Enhance Capital Market Resilience to Cyber Risk
Under revised rules, market participants are required to and enhance cybersecurity control measures, vulnerability assessments, penetration testing and third-party access controls.
December 4, 2021 -
214InternationalCross-border Payments Roadmap Remains Firmly on Track: FSB
The FSB has published a progress report on work to enhance cross-border payments as outlined in the G20 Roadmap last year.
October 14, 2021 -
350Asia-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 -
434Capital RegulationCBIRC Revises Regulatory Rating System for Banks
The new rating system will increase emphasis on corporate governance and data governance, and be used as the basis for early detection and intervention to address risk.
September 25, 2021 -
528MalaysiaBNM Issues New Regulatory Requirements for Merchant Acquirers
The new requirements will ensure merchant acquiring services have measures in place to manage settlement risk, financial risk, fraud risk, technology risk and cyber risk.
September 23, 2021 -
391AML / KYCSingapore: “Several” DPT Licences in Final Stages of Review
Of around 170 digital payment token service providers who applied for a licence, 30 applications have been withdrawn after engagement with MAS and two have been rejected.
July 27, 2021 -
337Asia-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 -
1.0KMarket InfrastructureMAS 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
