It is our great pleasure to present the latest publication of Aurexia\u2019s Asia Pacific Regulatory Watch newsletter.<\/p>\n\n\n\n
In this edition, our regulatory watch will be focused on hot topics that we consider as key to monitor in the unprecedented context: Data Management, Risk Oversight and Reporting Regulatory Compliance.<\/p>\n\n\n\n
More than ever cyber attacks have substantially increased during the COVID-19 crisis and have urged regulators to reinforce their guidelines. PDPA and PDPO requirements have evolved to enable financial institutions to leverage on data opportunities while developing strong data protection framework. At the same time, the pandemic has also exacerbated operational risks, and triggered banks business continuity plans (BCP). This has highlighted the importance of operational resilience to ensure the safeguard of the financial system.<\/p>\n\n\n\n
Furthermore, reporting requirements continue to present itself as a huge challenge for financial institutions. Securities Services are specifically impacted by CSDR (Central Security Depository Regime) regulation, for which the next milestone is targeted on the 22nd<\/sup> of November 2020.<\/p>\n\n\n\n If you have any comments, suggestions, or would like further details on any of the features included in this month\u2019s edition, please do not hesitate to contact us.<\/p>\n\n\n\n