At a minimum, 2022 looks set to be the year financial services firms get their ducks in row on climate risk. A whole raft of regulatory initiatives are underway at…
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POLL-Asia-Pacific securities regulators reveal top concerns for 2022
Senior securities regulators across the Asia-Pacific region have revealed that “cyber risk and operational resilience” will dominate their list of priorities in 2022. A poll by Regulatory Intelligence found that…
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OUTLOOK 2022-Open banking grows throughout Asia amid market fragmentation, data security and trust concerns
The roll-out of open banking is expected to gather pace in Asia this year, fuelled by the need to promote financial inclusion and innovation. The financial services sector will have…
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IMPACT ANALYSIS: China strengthens data localisation requirements with new privacy laws
The implementation of new standards on the protection of personal information in China will further strengthen data localisation requirements in a jurisdiction that already has one of the strictest regimes…
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Conduct tech may fail to deliver insights, while increasing data privacy risk, ethical issues
Behavioural monitoring and conduct analytics technology promise to make it easier for firms to detect employee misconduct as well as predict where it might occur next. However, reliance on data-…
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OPINION: Pandemic keeps cyber security a priority for boards
Information and cyber-security risks have increased during the pandemic, and the financial sector has reportedly been hit “relatively more often” by cyber-attacks than most other sectors. As just one example,…
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Top four regions for bribery and corruption revealed: Global Fraud and Risk Report 2021
The top four regions in terms of the threat of bribery and corruption have been identified as the Middle East and North Africa (61%), Sub-Saharan Africa (59%), Latin America (49%)…
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Monetary Authority of Singapore supports “zero trust” cyber security principles for finance sector
The Monetary Authority of Singapore’s (MAS) Cyber Security Advisory Panel has encouraged financial companies to adopt the “zero trust” security principles and architecture to tackle advanced cyber threats and IT…
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Supply challenges feature heavily on “risk maps” to global trade
Supply chain disruption has been singled out as the biggest barrier to global trade in Asia, followed by lack of transparency, and complicated and changing regulations. These findings from Thomson…
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ESG: Fast-emerging challenges for financial institutions
Investment managers, banks, securities firms, and their regulators face a difficult task because the risks associated with ESG issues are often so new that they are difficult to quantify. This…
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