All posts tagged "third parties"
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390KoreaS. Korea Enhances Flexibility for Financial Investment Businesses
The legislative revisions will allow firms greater flexibility to implement Chinese walls and outsource key functions, while allowing for harsher penalties when issues arise.
May 5, 2020 -
640AML / KYCSFC Fines BMI Securities, Suspends RO for AML Breaches
The SFC has fined BMI Securities HK$3.7mn and suspended one of its responsible officers for failures to comply with AML/CFT obligations.
February 11, 2020 -
895Fintech / RegtechBCBS Examines Evolution, Risks of Open Banking
While open banking has the potential to transform banking services and bank business models, greater attention must be paid to the risks that come with increased data sharing.
November 20, 2019 -
879Asia-PacificSri Lanka Finalises Personal Data Protection Bill
The Bill was modelled after international practices including GDPR. Once ratified, it will be implemented in stages over three years.
October 12, 2019 -
710Fintech / 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 -
678Australia & NZAPRA Releases Finalised Guidance on Information Security
The updated guidance is intended to help regulated entities comply with APRA’s new cross-industry prudential standard on information security, which comes into force on 1 July.
June 26, 2019 -
518Korea
FSC Korea Proposes More Flexible Business Conduct Rules
'Chinese walls' at financial firms will be set up around 'information units' rather than 'business units'. Firms can entrust a broader range of business to third parties and IT firms.
June 2, 2019
