Australia Offers Three Options for Regulating BNPL Providers

29/11/2022

The options seek to ensure BNPL is subject to appropriate regulation that balances consumer protection while still encouraging innovation.

ESG / Sustainability

HKEX Publishes Latest Findings from Review of ESG Disclosures

29/11/2022

HKEX said it is currently reviewing its ESG framework with a focus on enhancing climate disclosures amongst issuers.

Crypto / Digital Assets

BOJ to Involve Banks in CBDC Testing Around April 2023

28/11/2022

The BOJ’s next phase of CBDC testing will involve Japan’s three megabanks as well as regional banks. A digital yen could be issued in 2026.

AML / KYC

HKMA, Cyberport Host Third AML Regtech Lab

25/11/2022

The HKMA says retail banks increased their identification and reporting of suspicious accounts and networks by 127 percent compared to a year ago.

Fintech / Regtech

IMF Shines Spotlight on Benefits of Instant Payments

24/11/2022

The IMF says demand attributes and benefits offered by instant payments may make CBDC less compelling if issued.

Fintech / Regtech

Thailand Eases Rules for FX Business Operators

23/11/2022

The new rules will help promote innovation by foreign exchange service providers while also reducing the operational burden associated with licensing.

Korea to Boost Credit Availability for Low-credit Borrowers

23/11/2022

The FSC will lower the regulatory burden on lenders so they can expand the supply of credit to lower income and low-credit borrowers.

Crypto / Digital Assets

MAS Explains Different Treatment of Binance, FTX

23/11/2022

While both Binance and FTX are not licensed Singapore, only Binance was “actively soliciting users” in Singapore, so it was added to the Investor Alert List.

ESG / Sustainability

ESMA Proposes New Rules for ESG and Sustainability Labelled Funds

21/11/2022

A fund with ESG-related terms in its name will have to use at least 80% of its investments to meet environmental or social characteristics or sustainable investment objectives.