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  • Financial Institutions Need To Review Security Controls Amidst COVID-19: Monetary Authority of Singapore’s Cyber Security Advisory Panel

    Date 10/11/2020

    The Monetary Authority of Singapore (MAS)'s Cyber Security Advisory Panel (CSAP) [1] stressed the need for financial institutions (FIs) to review their security controls given the elevated technology-related risks arising from remote working and safe management measures due to the COVID-19 pandemic. At its fourth annual meeting with MAS management on 5 November 2020, the Panel shared its insights on cyber risks in the new operating environment and made several recommendations.  

  • Shenzhen Stock Exchange Market Bulletin, November 09, 2020, Issue 32

    Date 10/11/2020

    As of October 30, 2020, 870 companies out of the 871 listed companies on the ChiNext Market have disclosed their Q3 financial report. The overall performance of ChiNext companies in the first three quarters continued the strong growth trend in the last two quarter. The 870 companies achieved an average operating income of 1.518 billion yuan in the first three quarters, a year-on-year increase of 5.62%; net profit attributable to shareholders of the parent company was 153 million yuan, a year-on-year increase of 21.48%. It is worth mentioning that the performance of newly listed companies under the registration system is significantly better than the average. In addition, thanks to the optimization of refinancing rules and the improvement of review efficiency, refinancing has increased significantly so far this year.

  • Monetary Authority Of Singapore Consults On Requirements To Strengthen Financial Institutions’ Identity Verification Process

    Date 10/11/2020

    The Monetary Authority of Singapore (MAS) today issued a consultation paper on the types of information required for non-face-to-face verification of an individual’s identity. These proposed requirements come against the backdrop of rising impersonation scam cases, and seek to address the risks arising from theft and misuse of an individual’s personal particulars. 



  • ZebPay To Launch India’s First Non-Fungible Crypto Token And Marketplace

    Date 10/11/2020

    ZebPay, India’s oldest and most widely-used Bitcoin and crypto asset exchange, at its quarterly board meeting announced its plan to launch a non-fungible token (NFT), becoming the first Indian company to do so. ZebPay’s NFT has been named ‘Dazzle’ (the name for a herd of zebras).

  • Office Of The Comptroller Of The Currency Reports Key Risks, Effects Of COVID-19 In Federal Banking System

    Date 09/11/2020

    The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system and the effects of the COVID-19 pandemic on the federal banking industry in its Semiannual Risk Perspective for Fall 2020.