The BSP says the higher caps will cushion the impact of inflationary pressure and interest rate hikes on banks and credit card issuers.
BSP Raises Interest Rate Caps for Credit Card Issuers
By
Published on
Popular
-
551ChinaChina MOF Fines Deloitte for Huarong Audit Failures
Deloitte’s China arm was fined a record CNY 212 million for "serious" deficiencies in...
-
537AML / KYCSingapore: New Bill Introduced to Facilitate Introduction of COSMIC
The Bill provides FIs statutory protection from civil liability in respect of their disclosure...
-
480Capital / LiquiditySwiss Regulators Orchestrate UBS Takeover of Credit Suisse
The deal gives Credit Suisse shareholders shares in UBS worth just 40 percent of...
-
451AML / KYCRaiffeisen Mulls Sberbank Cash Swap to Reduce Russia Exposure
The deal involves Sberbank receiving roubles in Moscow from Raiffeisen’s Russian subsidiary, and Raiffeisen...
-
437Crypto / Digital AssetsUS SEC Simultaneously Charges Crypto Founder, Eight Celebrities
Tron founder Justin Sun sold unregistered securities to US investors, manipulated TRX and BTT...
-
435Asia-PacificRipple’s Rahul Advani Discusses Regulatory Landscape for Digital Assets
Rahul Advani, Policy Director for APAC at Ripple, discusses the regulatory landscape for digital...
Partner Content
-
47Conduct and Control: Centralizing Trade Monitoring to Combat Market Misconduct
March 6, 2023 Eventus
-
90Nasdaq 2022 Global Compliance Survey
November 3, 2022 Nasdaq
-
69Are you Managing Clients to Full Compliance Across all International Jurisdictions?
July 29, 2022 Droit
-
75True Cost of Financial Crime Compliance Study
July 21, 2022 LexisNexis Risk Solutions
To Top
Ken Nagatsuka
Mr Ken Nagatsuka is the Executive Director and Head of Payments Department at the Monetary Authority of Singapore (MAS). The department is responsible for the authorisation, ongoing supervision and policy-making in relation to payment systems and payment service providers, such as e-money issuers, remittance providers and digital payment token (more commonly known as cryptocurrency) service providers under the Payments Services Act.
Prior to this, Mr Nagatsuka has worked in the field of capital markets regulation for over 15 years, and was previously Head of the Capital Markets Policy Division responsible for policy formulation and reviewing legislation in relation to capital markets and market infrastructures. In his role, he represented MAS on various international committees under the FSB, CPMI and IOSCO, on subjects such as OTC derivatives reforms and financial market infrastructures. Prior to that, he also served in various roles in exchange and clearing house supervisory functions.
Mr Nagatsuka holds both a Bachelor of Business Management and Bachelor of Science in Economics from the Singapore Management University.
Ari Redbord
Ari Redbord is Head of Legal and Government Affairs at TRM Labs, a blockchain analytics company. Prior to joining TRM Labs, he served as a Senior Advisor to the Deputy Secretary and the Under Secretary for Terrorism and Financial Intelligence at the United States Department of Treasury. In this capacity, he worked with teams from the Financial Crimes Enforcement Network (FinCEN), Office of Foreign Assets Control (OFAC), and other Treasury and interagency components on issues related to sanctions, the Bank Secrecy Act, cryptocurrency, and anti-money laundering strategies.
Previously, Mr. Redbord served as a Senior Assistant United States Attorney for the District of Columbia, where he investigated and prosecuted cases related to cryptocurrency, terrorist financing, sanctions evasion, export control, child exploitation and human trafficking. He has received numerous awards from FinCEN, the FBI, and the United States Attorney’s Office, including the Attorney General’s Award for leading an interagency task force dedicated to prosecuting those who abuse and exploit children.
Powered by Social Snap