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Fintech / Regtech
Singapore Continues Work to Bolster Digital Banking Security
By Darien Choong | 18/02/2022
New measures include expanding the use of biometric technology, strengthening fraud surveillance and detection algorithms, and enabling customers to trigger account freezes.
Enforcement
FSA Issues Business Improvement Order to Mizuho, Again
By Editors | 18/02/2022
The business improvement order requires Mizuho and its parent to report to the FSA about the cause of another system failure which halted ATM operations on 11 February.
Big Picture
HKCERT Warns of Information Security Risks in 2022
By Editors | 18/02/2022
NFT and metaverse-related risks, and crypto account hacks and thefts, were cited as top information security risks for the first time.
Market Infrastructure
FSB Updates G20 on 2022 Priorities, Including Work on Crypto-assets
By Manesh Samtani | 17/02/2022
The FSB has started to examine regulatory and supervisory issues and approaches to address risks stemming from unbacked crypto-assets.
Fintech / Regtech
Indonesia Advances Local Currency Use in Cross-border Settlement
By Editors | 17/02/2022
Domestic banks will be able to access other Asian currencies via cross-currency repo and other collateralised transactions with Bank Indonesia.
Fintech / Regtech
Crypto-related Financial Stability Risks are Increasing: FSB
By Manesh Samtani | 16/02/2022
Crypto-related financial stability risks could “rapidly escalate”, underscoring the need for “timely and pre-emptive” evaluation of possible policy responses.
Market Infrastructure
Australia to Further Refine Foreign Investment Regime
By Editors | 16/02/2022
The government is seeking views on further refinements to the foreign investment framework to ensure it remains fit for purpose.
Market Infrastructure
UBS, StanChart, BNP Sign On to Join VCM Initiative
By Editors | 16/02/2022
The initiative, now known as Carbonplace, will seek to develop infrastructure to facilitate reliable, secure, and scalable trading of high-integrity carbon credits.
Market Infrastructure
StanChart HK Becomes Direct Participant of China’s CIPS
By Editors | 16/02/2022
Standard Chartered Hong Kong is the first foreign bank qualified as a direct participant of China’s Cross-border Interbank Payment System in the offshore market.
Market Infrastructure
CSRC Finalises Enhancements to Shanghai-London Stock Connect
By Darien Choong | 15/02/2022
Companies listed in the UK, Switzerland and Germany and “potentially other major markets in Europe” will be able to apply to issue CDRs in China.
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