Fintech / Regtech

WhatsApp Files Lawsuit Against India Over Traceability Rules

27/05/2021

The new laws give the Indian government greater power to monitor online activity and require data to be stored in a “traceable” database.

Fintech / Regtech

MAS Partners with Mojaloop Foundation on Financial Inclusion

27/05/2021

The partnership will bring together MAS’ policy development perspectives and Mojaloop’s digital payments capability to advance financial inclusion.

Big Picture

NGFS Publishes Preliminary Findings on Climate-related Data Gaps

26/05/2021

The availability of reliable climate-related data requires swift progress on disclosures, global taxonomy, and transparent and quality-assured metrics, the NGFS says.

Fintech / Regtech

Malaysia Launches Islamic Fintech Accelerator Programme

26/05/2021

The FIKRA Islamic Fintech Accelerator Programme seeks to promote an Islamic fintech innovation ecosystem in Malaysia’s capital market.

Enforcement

Korea FSS Orders IBK to Compensate Investors Over Mis-sold Funds

26/05/2021

The FSS said IBK failed to adequately inform customers of potential high risks and lacked internal controls to monitor the selling process.

Crypto / Digital Assets

Bank Indonesia Explores CBDC as Legal Payment Instrument

26/05/2021

The central bank is assessing which platform and technology it will use to issue a digital rupiah as a legal digital payment instrument in Indonesia.

Sanctions

Hong Kong Considers Replacing State Street as TraHK Manager

26/05/2021

Officials reportedly commissioned an independent study to review State Street’s role in managing Hong Kong’s Tracker Fund.

Securities / Derivatives

CBIRC Approves Goldman Sachs Wealth Management JV

26/05/2021

Preliminary approval will allow Goldman Sachs Asset Management to own a 51 percent stake in the joint venture with ICBC Wealth Management.

ESG / Sustainability

IAIS Offers Supervisory Guidance on Climate Risk in Insurance Sector

25/05/2021

New paper sets out recommendations to promote a globally consistent approach to the supervision of climate-related risks in the insurance sector.