FINTECH / REGTECH

Fintech / Regtech

Korea Finalises Internal Control Guidelines for IT Audits

By Thisanka Siripala | 18/02/2025

The guidelines introduce a three-stage IT internal control framework, strengthen audit independence, and standardise IT auditing methodologies.

Market Infrastructure

HKSCC Sets Launch Date for New Report Access Platform

By Sanday Chongo Kabange | 18/02/2025

After 21 March 2025, clearing participants will no longer be able to access VaR Platform reports via the existing Report Access Platform.

Enforcement

RBI Lifts Business Restrictions on Kotak Mahindra Bank

By Nithya Subramanian | 18/02/2025

The RBI said it is satisfied with the remedial measures Kotak Mahindra Bank has taken to address IT risk management deficiencies.

Crypto / Digital Assets

Thai Government Plans Launch of First Tokenised Bonds

By Mark Johnston | 18/02/2025

The pilot issuance will allow retail investors to participate in trading tokenised government bonds through securities firms.

Crypto / Digital Assets

Regulators Should Recognise Unique Characteristics of Stablecoins

By Thisanka Siripala | 18/02/2025

King’s College London paper says regulatory frameworks should recognise stablecoins as bearer instruments that operate outside traditional payment systems

Fintech / Regtech

BIS Releases Details of Planned Cross-border Payments PoC

By Manesh Samtani | 17/02/2025

Project Rialto will link instant payment systems to a transnational network with an automated FX conversion layer for settlement in central bank money.

Crypto / Digital Assets

SFC Mulls Rule Changes to Boost Virtual Asset Sector

By Manesh Samtani | 17/02/2025

The SFC is considering relaxing certain rules to improve liquidity in Hong Kong’s virtual asset market and enhance the city’s position as a digital asset hub.

Market Infrastructure

Hong Kong’s First Critical Infrastructure Cybersecurity Law is Becoming Reality

By Albert Yuen | 17/02/2025

Albert Yuen and Eunice Lee at Linklaters discuss the proposed new Cyber CI Bill and its implications for critical infrastructure operators.

Crypto / Digital Assets

FMA Offers Regulatory Clarity for E-Money and Payments Firms

By Sanday Chongo Kabange | 14/02/2025

The FMA said there is “no specific licence” for e-money institutions or payments service providers in New Zealand but a range of regulatory obligations still apply.