Fintech / Regtech

Crypto / Digital Assets

Korea: New FSC, FSS Chiefs to Prioritise Stability, Growth

By Mark Johnston | 20/06/2022

The FSS will be led by former prosecutor Lee Bok-hyun, while the FSC will be led by Kim Joo-hyun, who helped guide Korea through the 2008 crisis.

Capital / Liquidity

Can Data Standardisation Drive Regulatory Harmonisation?

By William Coen | 20/06/2022

William Coen and Dr Maximilian Dyck discuss the standardisation of Basel III data using bankruptcy remoteness and fair value accounting as examples.

Crypto / Digital Assets

BIS Innovation Hub Announces New Set of Projects

By Editors | 20/06/2022

The first three Eurosystem Centre projects will focus on crypto markets, quantum-resistant cryptography for payments, and climate-related disclosures.

Fintech / Regtech

‘Substantial Changes” Needed to Fully Reap Benefits of DeFi: BIS

By Sanday Chongo Kabange | 19/06/2022

A new BIS bulletin highlights a growing trend in DeFi to rely on forms of centralisation, and a need for it to ultimately fall within the regulatory umbrella.

Fintech / Regtech

BSP Upgrades Infrastructure to Support Big Data Applications

By Editors | 16/06/2022

The BSP plans to start using big data sources and applications in 2023, starting with an index that will analyse online news to gauge the sentiment.

Enforcement

US SEC Penalises Schwab Over Robo-Adviser Disclosures

By Editors | 16/06/2022

High cash balances resulted in lower returns for robo-adviser clients.  The effect of this “cash drag” was not disclosed to clients, the SEC said.

AML / KYC

Singapore Trade Finance Registry to Go Live in Q4

By Editors | 16/06/2022

The Association of Banks in Singapore has selected MonetaGo and GUUD to deliver a registry that will prevent duplicate financing and fraud.

Big Picture

HKIMR Explores Pandemic Lessons for Operational Resilience

By Editors | 16/06/2022

Effective implementation of business continuity plans was a key factor contributing to operational resilience, says new report.

AML / KYC

US, UK to Jointly Promote Privacy-Enhancing Tech for AML

By Editors | 15/06/2022

The joint initiative will seek to accelerate the development of privacy-preserving federated learning solutions that can help to combat financial crime.