Fintech / Regtech

Big Picture

BIS Turns Attention to Practical Issues of Retail CBDC

By Editors | 30/09/2021

The BIS and seven central banks have published three new reports exploring practical policy and implementation issues of general purpose CBDCs.

AML / KYC

Korean VASPs Barred From Trading Native Tokens

By Sanday Chongo Kabange | 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.

Fintech / Regtech

Entity-based Regulation Needed to Address Bigtech Risks: BIS

By Manesh Samtani | 29/09/2021

China’s financial holding company regime represents a novel entity-based regulatory approach for big techs, says a new BIS research paper.

Big Picture

OECD Calls on Financial Sector to Bolster Trust in AI

By Sanday Chongo Kabange | 29/09/2021

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

Fintech / Regtech

Central Banks Create Prototype Platform for mCBDC Settlements

By Sanday Chongo Kabange | 28/09/2021

The prototype platform was able to complete international transfers and foreign exchange operations in seconds while also lowering the cost of cross-border operations.

Fintech / Regtech

HKMA Issues Guide on Regtech Adoption for GRC

By Sanday Chongo Kabange | 28/09/2021

The guide outlines common challenges associated with regtech adoption for GRC and describes how successful firms have addressed these challenges.

ESG / Sustainability

SGX-Temasek JV to Launch Issuer Services Platform in Q4 2021

By Editors | 27/09/2021

Marketnode has established partnerships with 10 FIs to facilitate the launch of the new platform, which is part of a new digital infrastructure for fixed income.

AML / KYC

Korea: 29 Crypto Exchanges Meet Registration Deadline

By Manesh Samtani | 26/09/2021

The applications will be processed within three months, following which approved exchanges will be subject to AML rules announced in March.

AML / KYC

Crypto Should Re-examine Relationship with Regulators, and Vice Versa

By Andy Meehan | 25/09/2021

Andy Meehan says greater collaboration is needed between industry players and regulators to advance ‘sensible’ regulation and ensure the public is properly educated.