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Enforcement
MAS Urges Banks to Stop Use of SMS OTP
By Karen Ng | 10/07/2023
The MAS is urging banks to move away from the sole reliance on SMS OTP as the only authentication factor for transactions.
Uncategorised
Australia MFAA Supports AFCA Proposal to Enhance Complaints Resolution
By Editors | 21/06/2023
MFAA said AFCA’s proposal will enhance the efficiency of its complaint processes and will make the scheme fairer for all participants.
Uncategorised
Indian Regulators Respond to Adani Group Stock Selloff
By Editors | 06/02/2023
SEBI said the market continues to function effectively. The RBI said the banking sector remains resilient and stable. Adani companies have meanwhile lost $110mn in market cap.
Uncategorised
Bursa Malaysia to Launch VCM Exchange by Year-End
By Editors | 16/08/2022
The exchange said the VCM will encourage investments in high-quality offsetting projects that can generate positive environmental and societal benefits.
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Hong Kong’s Target Insurance Deemed Insolvent, Winding-up Initiated
By Editors | 18/07/2022
Target is Hong Kong’s largest motor insurer, providing coverage for mini buses and more than 60 percent of the 18,000-plus taxis in the city.
Crypto / Digital Assets
Korea Regulators Probe Crypto Industry Over Terra Collapse
By Editors | 18/05/2022
Korean crypto exchanges have been asked to share their data on UST and LUNA transactions including and the number of affected investors.
Uncategorised
HKEX to Launch New Mobile Market Data Service
By Editors | 11/09/2021
Users will have access to Level 1 live streaming Hong Kong securities market data from their mobile devices.
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FSC Korea to Promote Greater Use of Analytics in Financial Sector
By Editors | 27/05/2021
The FSC will introduce new measures later this year to increase the use of anonymised data that can be aggregated to perform data analytics.
Uncategorised
Singapore Launches Regional Research Institute for Digital Finance
By Editors | 07/12/2020
One of the Asian Institute of Digital Finance’s first projects is to build a data-sharing platform that can train models to improve credit assessments, said Deputy Prime Minister Heng Swee Keat.
Uncategorised
Myanmar Launches New Interbank Payment, Settlement System
By Sanday Chongo Kabange | 29/11/2020
Modelled after Japan’s national payment system, the new system is expected to enhance straight-through processing between the central bank and FIs.
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