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Recognising the worsening environment of cyber threats while financial institutions (FIs) expand their adoption of emerging technologies to increase their operational efficiency and to deliver better customer service, the revised TRM Guidelines focus on the following: Board and Senior Management. Introduction of additional guidance on the roles and responsibilities of the Board of Directors and …

The amended guidelines represent a firm step towards further strengthening the defences of Singapore’s financial ecosystem, placing the industry in good stead for the post-Covid economic recovery.  On 18 January 2021, the Monetary Authority of Singapore (“MAS”) issued the new Technology Risk Management Guidelines (“2021 Guidelines”), which heavily updated and refreshed the previous Technology Risk …

Alibaba’s billionaire founder resurfaced as he spoke to 100 rural teachers through a video call, three months after his last public appearance in October, sending the e-commerce firm’s shares up more than 8% in Hong Kong. A recording of the call was first posted on a news portal backed by the government of Zhejiang, the …

Morales, banned from running this time, is watching from Argentina as his former finance minister, front-runner Luis Arce, 57, faces two main competitors, the centrist former president Carlos Mesa, 67, and right-wing nationalist Luis Camacho, 41. Fears have run high of a repeat of the violence last year that included mobs burning ballot boxes and …

Costfoto/Barcroft Media via Getty Images Jack Ma’s Ant Group filed for an initial public offering in Hong Kong and Shanghai on Tuesday, aiming to speed up its move into the financial services industry. The company is targeting a $225 billion valuation and could raise as much as $30 billion in the deal if demand holds …