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Fintech / Regtech
Singapore Enters 2nd Phase of Blockchain-based Payments Trial
By Editors | 09/10/2017
Trial has already been completed on interbank transfers; blockchain programme will be extended to include securities sector as well as payments.
AML / KYC
Thai Banks Join up to Improve Cybersecurity
By Editors | 09/10/2017
Fifteen banks in Thailand have set up a group to tackle information technology stability and security and prepare for cyber-attacks.
Market Infrastructure
Top CSRC Official Calls on Derivatives Industry to Develop OTC Options
By Samuel Riding | 04/10/2017
Vice chair Fang Xinghai says stock index futures market has been ‘substantially restored’ since outright ban in September 2015.
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.
Market Infrastructure
Vietnam to Increase Scrutiny of Electronic Trading for Security Loopholes
By Editors | 04/10/2017
Brokerages will be required to report more data, ensure their systems are transparent, fair, secure and compliant with national laws.
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.
Market Infrastructure
Singapore Boosts Banks in Battle vs Fintech Firms
By Samuel Riding | 02/10/2017
Banks allowed to provide broader range of services including online sale of consumer goods; MAS cites ‘increasing competition from non-bank players’.
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.
Enforcement
Asia Pacific FIs Enter New Era of Accountability
By Editors | 28/09/2017
Australian bankers rail against short deadline for comments on BEAR, which mirrors Hong Kong’s recently introduced MiC.
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