Data Privacy

FSC to Enable Greater Access to Data Convergence Services

10/01/2022

Rule changes will enable smaller firms with no data samples of their own to access anonymised data originating from other businesses.

Cryptocurrency

Former CFTC Chair Calls for Dedicated US Crypto Regulator

09/01/2022

Such a bureau would have its own authorisation and financing, and adopt the mandates of both the CFTC and SEC, said J. Christopher Giancarlo.

Data Privacy

RBI Issues Eligibility Criteria for Use of Credit Information Services

07/01/2022

More entities will become eligible to tap credit information disseminated by CICs, which observers say will benefit digital lenders and neobanks.

Tokenisation

Korean Presidential Hopeful to Use NFTs for Campaign Fundraising

07/01/2022

The Democratic Party of Korea’s Lee Jae-myung is set to become the world’s first presidential candidate to raise campaign funds using NFTs.

Trading & Investment

RBI Introduces New Market Making Scheme for G-sec Market

06/01/2022

The market-making scheme will ensure quotes are available to retail investors using the RBI Retail Direct Scheme to buy and sell G-secs.

Sustainable Finance

FSC Korea Outlines Plans to Launch Second ‘New Deal’ Fund

05/01/2022

A private fund manager will be selected to manage 20% of the fund, which will prioritise investment in carbon net zero initiatives and local New Deal sectors.

Structural Regulation

BNM Proposes New Licensing Framework For Digital Insurers

05/01/2022

Digital insurers and takaful operators should have a minimum paid-up capital of MYR 40 million during the foundational phase.

Data Privacy

South Korean Financial Institutions Launch ‘MyData’ Services

05/01/2022

On Wednesday, 33 firms started offering MyData services, enabling consumers to centralise management of their data from different institutions.

Credit Risk

Korea to Enhance Credit Recovery Support Measures

04/01/2022

The CCRS and 5 state-backed guarantee institutions have agreed to adjust credit recovery standards to help borrowers of guaranteed loans return to normal more quickly.