Events listed in Digital Finance
Digital Finance in der Schweiz: ein Augenschein zurück, mit Weitblick nach vorne
ID 26370
Die SBVg hat einen Artikel über Digital Finance in der Schweiz veröffentlicht und betont die entscheidende Rolle technologischer Innovationen bei der langfristigen Erfolgssicherung und Wettbewerbsfähigkeit von Banken. Zu den Schlüsselthemen gehören digitale Vermögenswerte, digitale Währungen, KI, Open Finance und eine staatlich unterstützte digitale Identität. Digitale Vermögenswerte und Währungen unterliegen einer sich weltweit entwickelnden regulatorischen Landschaft, wobei ...
Cyber resilience good practice for firms
ID 26368
FCA, BoE and PRA have together published the annual cyber-attack resilience test report, with the report being fully released to the public for the first time. The simulation involved state actors, or advanced persistent threats (APTs), organised criminal groups and insider threats. The main findings and recommendations are: 1. Access management The stronger, the better. Good practices include hardening of active directory and authentication ...
The Financial Services and Markets Act 2023 (Digital Securities Sandbox) ...
ID 26358
On December 18, 2023, the Financial Services and Markets Act 2023 (Digital Securities Sandbox) Regulations 2023 were published on legislation.gov.uk, the official UK platform for the publication of legal texts. The regulations introduce a framework for testing the use of developing technology in the carrying on of financial market infrastructure (FMI) activities. The FMI sandbox, also known as the Digital Securities Sandbox (DSS), thereby ...
ESMA offers recommendations on digitalisation of retail investment services
ID 26265
ESMA has recently released a discussion paper that addresses the digitalization of retail investment services and its implications for investor protection. The paper explores the changing landscape of retail investments, specifically examining the increased adoption of digital tools and social media by both firms and investors in the aftermath of the COVID-19 pandemic. ESMA aims to collect feedback from stakeholders until 14 March 2024, ...
Guidelines on Outsourcing (Financial Institutions other than Banks)
ID 26206
In view of the increasing use of outsourcing arrangements by financial market players, the Monetary Authority of Singapore (MAS) has published new guidelines in this context. In these guidelines, MAS outlines its expectations of firms currently engaged in outsourcing arrangements or that plan to be come engaged in such. MAS thereby covers a wide range of issues including the following: – the responsibilities of ...
ESAs recommend steps to improve activities of innovation facilitators across the ...
ID 26197
The ESAs have issued a comprehensive report on innovation facilitators, encompassing innovation hubs and regulatory sandboxes, with a focus on enhancing their role and efficiency in the financial sector across the EEA. The report acknowledges improvements in the operations of EEA innovation hubs since the last assessment in 2019, emphasizing their continued dedication to enhancing firms‘ understanding of regulations and supervisory expectations. Regulatory sandboxes ...
FAQ on MAS Guidelines on Outsourcing
ID 26179
Following the publication of guidelines on outsourcing arrangements (please see EventID 24383 in this context), the Monetary Authority of Singapore (MAS) has also published an accompanying set of frequently asked questions (FAQs) relating to various issues addressed in the guidelines. These FAQs aim to clarify the application of the guidelines and various requirements thereunder, including requirements pertaining to the audit and review obligations or ...
Singapore and China Enhance Digital Finance and Capital Markets Cooperation
ID 26115
The Monetary Authority of Singapore (MAS) has issued a press release in which it informs of a series of strategic initiatives aimed at deepening cooperation in digital finance and capital markets with China. These initiatives were deliberated upon during the 19th Joint Council for Bilateral Cooperation meeting, co-chaired by Singapore’s Deputy Prime Minister and Minister for Finance, Mr. Lawrence Wong, and China’s Executive Vice ...
FSB publishes toolkit for enhancing third-party risk management and oversight
ID 26053
Financial institutions have historically engaged in outsourcing and third-party service relationships, which have evolved and expanded in recent years, presenting both benefits and new risks. The FSB recognizes the potential risks associated with these relationships and has responded by developing the present toolkit aimed at enhancing third-party risk management and oversight for financial institutions and financial authorities. The **toolkit addresses concerns related to ou ...
FCA welcomes industry report on fund tokenisation
ID 25921
The Financial Conduct Authority (FCA) has published a press statement in which it informs of and welcomes the publication of a new report titled „UK Fund Tokenisation: A Blueprint for Implementation“ by the Technology Working Group of the Asset Management Taskforce. The publication of the report is only a first step in a series of initiatives to explore the opportunities, challenges, prerequisites, and potential ...