Fintech / Regtech

ESG / Sustainability

PBOC Reiterates Commitment to Hong Kong Financial Centre

By Sanday Chongo Kabange | 13/12/2021

Key areas of collaboration to enhance Hong Kong’s roles as an international financial centre include CBDC, regtech, green finance development.

Fintech / Regtech

HK Associations Published Revised Code of Banking Practice

By Editors | 13/12/2021

Banks are expected to achieve full compliance with the new provisions within six months. The Code is endorsed by the HKMA.

Fintech / Regtech

RBA, CBA, NAB Conclude Project Exploring Wholesale CBDC

By Manesh Samtani | 13/12/2021

The model used in the PoC preserves the current role of banks in the financial system and allows non-bank wholesale market participants to access the CBDC.

Crypto / Digital Assets

Thai SEC Consults on Rules Restricting Use of DeFi Platforms

By Mark Johnston | 12/12/2021

The proposed rules would bar digital asset fund managers from investing customer assets on DeFi platforms and digital asset advisers from recommending them to investors.

Fintech / Regtech

BIS Paper Says Suptech Tools Could Diminish Supervisory Judgment

By Manesh Samtani | 12/12/2021

The increasing use of suptech tools may diminish supervisory judgment, which could lead to “supervisory blind spots” and a “broader loss of institutional knowledge”.

Press Release

Regulation Asia Awards for Excellence 2021 – Results Announcement

By Editors | 10/12/2021

Regulation Asia held its fourth annual Awards ceremony on 9 December 2021. Here we explain our methodology and announce the winners for the year.

AML / KYC

Japan FSA Seeks to Introduce Restrictions on Stablecoin Issuance

By Sanday Chongo Kabange | 09/12/2021

The FSA reportedly seeks to propose legislation to only allow banks and wire transfer companies to issue stablecoins, and to regulate wallet providers.

Crypto / Digital Assets

BIS Concludes wCBDC Experiment with French, Swiss Central Banks

By Editors | 08/12/2021

Under Project Jura, tokenised assets and foreign exchange transactions were settled safely and efficiently using PvP and DvP mechanisms, the BIS said.

Fintech / Regtech

BSP Urges Rural Banks to Promote Financial Inclusion Through Tech

By Mark Johnston | 07/12/2021

As of end-June 2021, there were over 3,000 rural banks nationwide. However, only 21 of them offer PESONet and 11 offer InstaPay for electronic fund transfer services.