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Enforcement
Malaysia Revising Prudential Framework for Outsourcing by Financial Institutions
By Editors | 04/10/2017
Banks will be urged to enhance due diligence and do more to protect data confidentiality as BNM cites risks from outsourcing to shared services.
Fintech / Regtech
Philippines Set to Introduce Tighter Cybersecurity Requirements for Banks
By Editors | 04/10/2017
Measures will include enhanced risk management and governance requirements as well as increased use of cloud technology.
Fintech / Regtech
CPMI, IOSCO Call for Uniformity in UPI Creation, Reporting
By Editors | 02/10/2017
Report proposes that each UPI maps to reference data which indirectly describes an OTCD product without identifying transaction details.
Capital / Liquidity
India Insolvency Information Utility Granted 5-year License
By Editors | 02/10/2017
Bank-owned NESL wins license to operate utility which shares information on financial contracts as part of efforts to clean up bad loans.
AML / KYC
HKMA Launches Smart Banking Initiative Including Enhanced Sandbox
By Samuel Riding | 29/09/2017
In addition to the enhanced sandbox, HKMA will also work on a new payment system, minimising regulatory friction in onboarding and other services.
Fintech / Regtech
Regulators Must Collectively Embrace 4th Industrial Revolution – ASIC
By Editors | 25/09/2017
Chairman Greg Medcraft expresses concern about regulatory fragmentation with increased use of technology, emergence of ICOs.
Crypto / Digital Assets
DLT Essential for Capital Market Participants to Meet Regulatory Obligations – JPX
By Samuel Riding | 21/09/2017
Market participants can’t meet diverse regulatory requirements without using DLT to share back office and post-trade functions, report suggests.
Fintech / Regtech
ASEAN Fintechs, Banks Set up Pan-regional Sandbox to Boost Financial Inclusion
By Samuel Riding | 21/09/2017
Sandbox board includes ASEAN Bankers Association, Monetary Authority of Singapore and is being advised by Intel, Microsoft Asia Pacific and IBM Philippines.
Fintech / Regtech
Hong Kong Monetary Authority Sends Fintech Delegation to London
By Editors | 21/09/2017
Central bank and apex regulator says delegation is the largest it has ever put together, will meet London start-ups and accelerator programmes.
Fintech / Regtech
MAS Creates Advisory Panel on Cybersecurity
By Editors | 21/09/2017
Panel on cybersecurity and resilience includes representatives from Accenture, JPMorgan, London Stock Exchange, PwC and Standard Chartered Bank.
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