FINTECH / REGTECH

Crypto / Digital Assets

Malaysia Issues New Guidelines on Digital Assets

By Editors | 16/01/2020

The guidelines require platform operators to carry out due diligence on prospective issuers of digital tokens, and issuers to satisfy governance and capital requirements.

Fintech / Regtech

EBA Details Roll-out Challenges of Big Data, Advanced Analytics

By Editors | 16/01/2020

The EBA has identified four key pillars necessary to support the rollout of advanced analytics in the banking sector, along with a set of ‘elements of trust’.

Crypto / Digital Assets

Japan FSA to Limit Crypto Leverage to 2x Deposits – Report

By Editors | 15/01/2020

The rule will be stricter than the 4x leverage limit imposed by the Japan Virtual Currency Exchange Association, the industry’s self-regulatory organisation.

Fintech / Regtech

China to Introduce New Rules for Online-only Banks – Report

By Editors | 15/01/2020

The framework will enable foreign banks in China to set up separate digital banking platforms, while also covering existing online-only banks WeBank, MYbank and AiBank.

Fintech / Regtech

RBI Amends Penalties Framework for Payments System Operators

By Editors | 14/01/2020

The new penalty for violations will be capped at 500,000 rupees, or double the amount of contravention, whichever is higher.

Fintech / Regtech

Singapore Fintech Awarded Philippine Licence to Operate Digital Bank

By Editors | 14/01/2020

TONIK Digital Bank will be the first “pure-play” digital bank in Southeast Asia, focusing on retail deposits and consumer loans.

Fintech / Regtech

Legal Certainty Needed to Advance DLT Adoption in Derivatives

By Editors | 14/01/2020

ISDA, Clifford Chance, R3 and the Singapore Academy of Law have published a new whitepaper analysing the legal issues relating to the use of smart derivatives contracts on a distributed ledger.

Fintech / Regtech

S. Korea Passes Bills Enabling Commercialisation of Data

By Editors | 13/01/2020

The bills allow the commercial use of unidentified individuals without seeking their consent. A new data exchange will be launched in March.

Fintech / Regtech

UK Digital Regulatory Reporting Pilot Completes Phase Two

By Manesh Samtani | 10/01/2020

Phase two of the DRR pilot highlighted the importance of agreed data standards. An appropriate solution for producing machine-executable regulation has not yet been identified.