Fintech / Regtech

Regulated entities have one month to provide SEBI with details of the cloud services they have deployed and 12 months to ensure full compliance with the new framework.

The taskforce will assess existing cyber protections, response protocols, and safeguards around third-party service providers.

Guidance is offered to reduce the burden on legitimate private banking customers trying to use banking services in Hong Kong.

Project Icebreaker shows that different countries can implement different CBDC solutions and still participate in a formalised interlinking arrangement to enable instant cross-currency transactions.

Participating banks will be able to perform assessments of their customers using information available at any other bank using the new platform.

ANZ is involved in four case proposals; CBA is involved in two. Mastercard and Cuscal propose to use CBDC to enable consumers to buy NFTs.

JPMorgan, Citigroup, Goldman Sachs, Deutsche Bank, Wells Fargo and Bank of America are among those reported to have imposed restrictions.

GIFT City members and their clients will be able to access institutional-grade USD bonds via BondbloX Exchange.

The advisory calls on firms to take into account concentration risk when outsourcing multiple critical services to the same third party vendor.

NatWest and National Australia Bank published a white paper drawing lessons from the UK and Australia's open banking implementations.