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Crypto / Digital Assets
MAS Expands Project Guardian Initiatives to Scale Asset Tokenisation
By Nithya Subramanian | 28/06/2024
The financial regulator has also released a whitepaper on the design principles, objectives, considerations and potential uses of Global Layer One Initiative.

Big Picture
BIS Urges Central Banks to Keep Pace with AI
By Nithya Subramanian | 27/06/2024
In the financial sector, AI can improve efficiencies and lower costs for payments, lending, insurance and asset management, the BIS said.

Fintech / Regtech
ASIC Issues Guidance on Communications Surveillance
By Editors | 26/06/2024
A new information sheet calls for market intermediaries to ensure effective monitoring and supervision of business communications.

Fintech / Regtech
BSP Delays Implementation of New Data Collection System
By Sanday Chongo Kabange | 26/06/2024
The implementation of BSP’s new ITRS has been deferred to 2025 to allow banks to address “emerging technical and report-related concerns”.

Crypto / Digital Assets
Hong Kong FIs Keen on DeFi and Metaverse: AoF Reports
By Sanday Chongo Kabange | 26/06/2024
HKMA said FIs are interested in exploring opportunities brought by DeFi and metaverse as they expand involvement in virtual assets.

Crypto / Digital Assets
UDPN Launches New Digital Currency Management Systems
By Manesh Samtani | 26/06/2024
One system was launched for commercial banks and regulated stablecoin issuers, and another to help FIs manage real-world asset tokenisation.

AML / KYC
New Industry Anti-fraud Platfom in Taiwan Yields Results: FSC
By Mark Johnston | 25/06/2024
The platform, established to prevent unathorised bank transfers, identified 136 suspicious accounts in the first month of operation.

AML / KYC
BSP Details Efforts to Address Fraud and Scam Threats
By Bradley Maclean | 25/06/2024
BSP officials discuss efforts to address fraud and scam threats through new requirements for banks and a thematic review of fraud management during 2024.

Fintech / Regtech
Taiwan Finalises Guidelines on Use of AI in Financial Industry
By Manesh Samtani | 25/06/2024
The guidelines are not legally binding, but are intended to provide direction and best practices for financial institutions.

Securities / Derivatives
Korea Issues Best Execution Guidelines for Securities Firms
By Manesh Samtani | 23/06/2024
The guidelines are intended to help securities firms understand how they should allocate customer orders once the new ATS market is launched in March 2025.
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