Fintech / Regtech

    Crypto / Digital Assets

    BIS Vision for Monetary System Doesn’t Include Crypto

    By Manesh Samtani | 21/06/2022

    BIS says crypto and DeFi have structural limitations and inherent risks that make them unsuitable for the future digital monetary system.

    Fintech / Regtech

    China Tightens Rules on Mobile App Development

    By Darien Choong | 21/06/2022

    The new rules, which takes effect on 1 August, require mobile apps to force users to authenticate their identities.

    Fintech / Regtech

    PBOC Accepts Ant Group’s FHC Licence Application – Report

    By Editors | 21/06/2022

    Ant Group is reportedly aiming to file a preliminary IPO prospectus as early as next month, subject to regulatory feedback on its financial holding company setup.

    Crypto / Digital Assets

    Korea: New FSC, FSS Chiefs to Prioritise Stability, Growth

    By Mark Johnston | 20/06/2022

    The FSS will be led by former prosecutor Lee Bok-hyun, while the FSC will be led by Kim Joo-hyun, who helped guide Korea through the 2008 crisis.

    Capital / Liquidity

    Can Data Standardisation Drive Regulatory Harmonisation?

    By William Coen | 20/06/2022

    William Coen and Dr Maximilian Dyck discuss the standardisation of Basel III data using bankruptcy remoteness and fair value accounting as examples.

    Crypto / Digital Assets

    BIS Innovation Hub Announces New Set of Projects

    By Editors | 20/06/2022

    The first three Eurosystem Centre projects will focus on crypto markets, quantum-resistant cryptography for payments, and climate-related disclosures.

    Fintech / Regtech

    ‘Substantial Changes” Needed to Fully Reap Benefits of DeFi: BIS

    By Sanday Chongo Kabange | 19/06/2022

    A new BIS bulletin highlights a growing trend in DeFi to rely on forms of centralisation, and a need for it to ultimately fall within the regulatory umbrella.

    Fintech / Regtech

    BSP Upgrades Infrastructure to Support Big Data Applications

    By Editors | 16/06/2022

    The BSP plans to start using big data sources and applications in 2023, starting with an index that will analyse online news to gauge the sentiment.

    Enforcement

    US SEC Penalises Schwab Over Robo-Adviser Disclosures

    By Editors | 16/06/2022

    High cash balances resulted in lower returns for robo-adviser clients.  The effect of this “cash drag” was not disclosed to clients, the SEC said.

    AML / KYC

    Singapore Trade Finance Registry to Go Live in Q4

    By Editors | 16/06/2022

    The Association of Banks in Singapore has selected MonetaGo and GUUD to deliver a registry that will prevent duplicate financing and fraud.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team