Enforcement

SGX RegCo to Boost Regulatory Presence, Oversight

08/08/2019

At a regulatory briefing on Wednesday, SGX RegCo CEO Tan Boon Gin laid out the work ahead to enhance investor confidence and deter wrongdoing.

Fintech / Regtech

ASIC Event Features Regtech Use for Monitoring Financial Promotions

06/08/2019

ASIC’s ‘Regtech Monitoring Financial Promotions’ symposium was the first in what will be a series of sessions aimed at working with the industry to solve compliance challenges with technology.

Market Infrastructure

ABS Updates Guidance on Cloud Outsourcing Arrangements

05/08/2019

The updated guide offers best practices to ensure resiliency and recoverability while maximising the benefits FIs derive from cloud outsourcing arrangements, including for ‘critical systems’.

Market Infrastructure

HKIFA Announces New Roadmap Pushing ESG Agenda

02/08/2019

The HKIFA is advocating for fund documents to only be delivered to investors digitally by default, increased use of cloud for record keeping, and greater alignment with international standards.

Fintech / Regtech

Australia Passes Consumer Data Right Legislation

02/08/2019

The passage of the Consumer Data Right legislation clears the way for open banking to start in Australia in February 2020.

Securities / Derivatives

SFC Raises Standards for Data Submissions by Brokers

01/08/2019

In-scope brokers are expected to implement system changes and make other arrangements needed for compliance with the new Data Standards by end-October 2020.

Fintech / Regtech

RBA Policy Shift Opens Australian Payments Market to Tech Firms

31/07/2019

An RBA policy update will make it easier for fintechs – and so-called BigTechs – to enter Australia’s payments system without having to obtain a banking licence.

Market Infrastructure

ISDA Unveils Preliminary Results of 2nd IBOR Fallbacks Consultation

31/07/2019

For USD LIBOR, HIBOR and CDOR fallbacks, respondents prefer ‘compounded setting in arrears’ for the adjusted RFR and the ‘historical mean/median approach’ for spread adjustments.

Fintech / Regtech

India Enables Consent-Based Financial Data Sharing

26/07/2019

Four years of collaboration between India’s major financial regulators has resulted in a new platform that enables financial services providers to share data with other institutions based explicitly on user consent.