All posts tagged "technology risk"
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1.8KBig 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 -
1.2KAML / 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 -
680KoreaKorea: IMF Assessment Highlights Pre-Covid Financial System Risk
The assessment commends Korea for its continued efforts to enhance prudential, legal and supervisory frameworks, while also pointing to growth-related uncertainties and household debt risks.
April 24, 2020 -
2.3KContributed ArticleOutsourcing Requirements for Hong Kong Banks: An Overview
Industry veteran Philip Keller outlines outsourcing requirements for banks in Hong Kong, with a focus on data, a major area of concern in relation to outsourced activities.
March 10, 2020 -
739FeatureABS Updates Guidance on Cloud Outsourcing Arrangements
The updated guide offers best practices to ensure resiliency and recoverability while maximising the benefits FIs derive from cloud outsourcing arrangements, including for 'critical systems'.
August 5, 2019 -
747Fintech / RegtechCCP12 Publishes Best Practices to Address Outsourcing Risk
As CCPs move to more complex supply chain models, proper oversight mechanisms and controls need to be in place to manage the risks introduced by third-parties.
July 26, 2019 -
2.2KContributed ArticleFor Cybersecurity Best Practice, Look to the Finance Industry
Security expert Pieter Danhieux discusses how firms can improve culture, training programmes and coding practices, to help the financial industry maintain leadership in cybersecurity.
March 14, 2019 -
4.1KFeatureMAS Enhances Guidelines on Technology Risk, Business Continuity
Both guidelines under consultation continue to emphasise the importance of risk culture, and the roles of the board and senior managers in technology risk and business continuity management.
March 8, 2019 -
994MalaysiaMalaysia to Introduce Technology Risk Policy in June – Report
BNM plans to introduce its policy on technology risk management in June, providing guidelines for financial institutions to combat the rising incidence of cybercrime.
February 25, 2019 -
715Feature
MAS Issues Guidelines on Provision of Robo-Advisory Services
Guidelines allow digital advisers to pass client orders to brokerage firms for execution without the need for an additional capital markets services licence.
October 9, 2018
