All posts tagged "technology risk"
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140AML / 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Of around 170 digital payment token service providers who applied for a licence, 30 applications have been withdrawn after engagement with MAS and two have been rejected.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 -
169Asia-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 -
567Market 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 -
313Australia & NZAPRA Chair Outlines Initiatives to Address Key Risks to Financial Sector
APRA is piloting a risk culture survey, independent cyber security reviews, and a new data collection exercise on technology and cyber risks.
May 3, 2021 -
607FeatureMAS, ABS Offer Guidance on Managing Remote Working Risks
The paper looks at possible risks to FIs in the areas of operations, technology, information security, fraud, staff misconduct, among others.
March 3, 2021 -
2.0KContributed Article
Seven Takeaways from MAS’ Technology Risk Management Guidelines
The amended guidelines represent a firm step towards further strengthening the defences of Singapore’s financial ecosystem, placing the industry in good stead for the post-Covid economic recovery.
January 25, 2021 -
564Market InfrastructureMAS Raises Expectations on Technology Risk Management
The revised guidelines set out higher expectations for FIs in technology risk management, including for assessments of third-party suppliers.
January 19, 2021 -
693Market Infrastructure
MAS Consults on New Rules for Licensed Credit Bureaus
Credit bureaus will be subject to similar technology risk management requirements and cyber security measures as required of other financial institutions in Singapore.
October 20, 2020 -
2.4KBig PictureHong Kong AoF Publishes Report on AI Adoption in Banking
The report provides insights about the risk management frameworks and overarching supervisory principles banks use when adopting artificial intelligence.
August 24, 2020 -
1.6KAML / KYCBNM Issues Draft Rules on Merchant Acquiring Services
The exposure draft sets out regulatory requirements for merchant acquiring services to ensure proper risk management amid rapid changes in the e-payments landscape.
July 23, 2020
