Market Infrastructure

Bank Indonesia Set to Launch Faster Payment System

11/11/2021

‘BI-Fast’ will enable real-time payments 24/7 for retail customers, and will also be used in cross-border payments in future.

Securities / Derivatives

JPX Introduces New Education Tool for Retail Investors

09/11/2021

The J-Quants project is aimed at providing a platform to help individuals learn about data-driven portfolio analysis and investment methods

Fintech / Regtech

MAS Unveils Planned Enhancements to Fintech Regulatory Sandbox

09/11/2021

From 1 January 2022, ‘Sandbox Plus’ will be introduced to provide more effective one-stop assistance to innovative fintech firms.

ESG / Sustainability

Japan FSA Reaffirms Commitment to Sustainable Finance Strategy

09/11/2021

The strategy highlights efforts to enhance disclosures, develop green bond markets, and ensure FIs manage climate risk and support borrowers.

Hong Kong FRC Continues to Find Auditing Irregularities

09/11/2021

The most common auditing irregularities involved failures to perform engagement quality control reviews adequately, and to obtain sufficient audit evidence.

Capital / Liquidity

HKMA Finalises Guidance on Implementing OCIR Arrangements

08/11/2021

In a new chapter of its code of practice, the HKMA sets out its expectations on the arrangements banks must have in place to maintain operational continuity in resolution.

HKMA Issues New Code of Practice for Banks’ Trust Business

07/11/2021

Locally incorporated AIs should ensure their trust subsidiaries comply with the code of practice. Supervisory action may be taken for noncompliance.

Fintech / Regtech

Multi CBDC Bridge Project Moves to Test New Use Cases

07/11/2021

The mBridge project team has collaborated with private sector participants to identify 15 potential business use cases that are now being tested.

Fintech / Regtech

PBOC Governor Calls for Stricter Laws to Protect Data

05/11/2021

PBOC governor Yi Gang expressed concerns that some big tech firms have been collecting customer data without consent and misusing the data.