Fintech / Regtech

Australia Finalises CDR Rule Changes to Increase Participation

06/10/2021

The amendments allow accredited data recipients to sponsor other parties to become accredited or allow them to operate as representatives.

Enforcement

US Inspector General Probes Fed Officials’ Stock Trades

06/10/2021

The Office of Inspector General will conduct an independent review to determine whether Fed officials violated ethics rules and the law.

Sanctions

Evergrande Poses No Threat to Hong Kong Stability: Paul Chan

05/10/2021

Evergrande accounts for just 0.05 percent of local banking assets. Trading in the company’s shares was suspended on Monday ahead of a major announcement.

APRA Prepares Measures to Rein in Housing Loan Growth

01/10/2021

APRA will publish a framework for implementing macroprudential policy to rein in the housing market and curb riskier home loans.

Market Infrastructure

Excessive QE, Low Rates Are Damaging to Markets: PBOC

30/09/2021

PBOC governor Yi Gang warns that quantitative easing and ultra-low interest rate policies can be damaging to market functions.

AML / KYC

Korean VASPs Barred From Trading Native Tokens

29/09/2021

A new conflict of interest rule bars VASPs from trading native tokens and their staff from trading virtual assets on their own platforms.

Korea to Impose Stricter Measures to Control Household Debt

29/09/2021

FSC chairman Koh Seung-beom said the process of reversing the buildup of household debt will “take time and be uncomfortable”.

Market Infrastructure

China, EU to Publish Common Taxonomy by Year-End

29/09/2021

The China-EU common taxonomy for sustainable finance will make it easier for other countries to recognise China’s green financial assets, PBOC officials say.

Big Picture

OECD Calls on Financial Sector to Bolster Trust in AI

29/09/2021

A new OECD report identifies four determinants of trustworthy AI in the financial sector – transparency, fairness, data governance and accountability.