Fintech / Regtech

The Digital Dollar Project is a multi-stakeholder initiative to explore options for creating a US dollar CBDC, which would coexist with other Federal Reserve liabilities.

Regulation Asia sat down with Ian Rennie, Managing Director at Kaizen Reporting, to understand how testing reduces costs, improves quality and increases confidence in regulatory reporting.

The guidelines require platform operators to carry out due diligence on prospective issuers of digital tokens, and issuers to satisfy governance and capital requirements.

The EBA has identified four key pillars necessary to support the rollout of advanced analytics in the banking sector, along with a set of ‘elements of trust’.

The rule will be stricter than the 4x leverage limit imposed by the Japan Virtual Currency Exchange Association, the industry's self-regulatory organisation.

The framework will enable foreign banks in China to set up separate digital banking platforms, while also covering existing online-only banks WeBank, MYbank and AiBank.

Regulation Asia sat down with Nice Actimize's Jerome Lambert to understand how a holistic approach has improved surveillance capabilities and reduced the burden on compliance analysts.

The new penalty for violations will be capped at 500,000 rupees, or double the amount of contravention, whichever is higher.

TONIK Digital Bank will be the first "pure-play" digital bank in Southeast Asia, focusing on retail deposits and consumer loans.

ISDA, Clifford Chance, R3 and the Singapore Academy of Law have published a new whitepaper analysing the legal issues relating to the use of smart derivatives contracts on a distributed ledger.