Fintech / Regtech

BIS Innovation Hub to Expand Work Programme in 2022

25/01/2022

The BIS Innovation Hub will launch new projects into CBDCs, payments systems, DeFi, green finance, regtech, suptech and cybersecurity.

AML / KYC

FinCEN to Allow FIs to Share SARs with Foreign Affiliates

25/01/2022

A limited-duration pilot programme would permit FIs to share SARs and information related to SARs with foreign branches, subsidiaries, and affiliates.

Securities / Derivatives

SGX Lists First Two SPACs Under New Framework

24/01/2022

Vertex Technology Acquisition Corp and Pegasus Asia listed last week. A third SPAC, filed by Novo Tellus Alpha Acquisition, will debut on Thursday.

Fintech / Regtech

Taiwan FSC to Explore Digital Identity Via Thematic Sandbox

24/01/2022

‘Digital Identity Authentication and Authorisation’ was selected as the theme for the sandbox, to promote more convenient and secure access to financial services.

APRA Revises Reporting Frequency for New Operational Risk Standard

24/01/2022

APRA is revising the reporting frequency for the new operational risk standard from quarterly to annually.

China Considers Measures to Free Up Real Estate Cash

24/01/2022

Regulators are considering allowing real estate developers to access cash held in escrow from pre-sales of uncompleted properties.

RBI Allows More NBFCs to Undertake Factoring Business

23/01/2022

The change will increase the number of NBFCs eligible to undertake factoring business from 7 to 182.

Securities / Derivatives

ASIC Proposes Revisions For ETP Naming Conventions

23/01/2022

ASIC proposes to revise the ETP naming conventions by dividing them into two levels of labelling: primary labels and secondary labels.

Fintech / Regtech

Korea FSS Vows to Increase Support for Fintech Industry

23/01/2022

The FSS will push for the enactment of a so-called “Fintech Nurturing Act”, which will ease restrictions on investment in fintech firms by financial companies.