Fintech / Regtech

ASIC to Leverage Regtech to Improve Listed Company Disclosures

02/06/2023

ASIC and regtech firm Eastern Analytica will jointly develop a solution to help address poor market disclosures by listed firms.

HKMA Issues Public List of Bank-Owned Trust Businesses

02/06/2023

All entities on the list have provided the HKMA an annual declaration on their compliance with a new code of conduct for bank-related trust businesses.

AML / KYC

EU Officials Formally Sign MiCA Into Law

02/06/2023

The MiCA legislation was signed into law on Wednesday by European Parliament president Roberta Metsola and Swedish minister Peter Kullgren.

Fintech / Regtech

EU, US Jointly Developing Voluntary Code of Conduct for AI

02/06/2023

The first-of-its-kind voluntary code of conduct for AI could be drawn up within weeks, said EU official Margrethe Vestager.

Fintech / Regtech

BNM Incorporates Cloud-specific Risks in Regulatory Framework

02/06/2023

BNM has updated its policy on risk management in technology to include requirements on the adoption and use of public cloud infrastructure.

Credit Suisse Halts Plans to Set Up Bank in China – Report

02/06/2023

Credit Suisse had been preparing for years to set up a wholly owned local bank in China.

China to Issue New Rules for Debt Collectors in August

01/06/2023

One of China’s biggest debt collection firms is considering ceasing operation due to tightening supervision of the industry.

Fintech / Regtech

Korea Launches New Online Loan Switching Platform

01/06/2023

The new online platform allows existing borrowers to search for and switch to more favourable loan deals.

Market Infrastructure

RBA Publishes Findings from Payments Infrastructure Review

30/05/2023

The external review was conducted by Deloitte in response to a four-hour outage suffered by the RBA in October 2022.