BSP to adopt regtech solutions including API for electronic data submissions by FIs, chatbot for complaints to the regulator.
Key financial industry stakeholders to co-create guide setting out key principles, best practices to strengthen governance, reduce data misuse risks.
PBOC’s Institute of International Finance says China would actively participate in a G20-led effort to establish a global regulatory framework.
Cryptocurrency trades to be subject to 7 percent value added tax and 15 percent capital gains tax; fintech association chair says move may drive startups overseas.
Robo-advice platforms should explain how their underlying algorithms operate, ensure regular testing to ensure they remain fit for purpose.
Project Stella phase two study suggests distributed ledger technology offers novel approach for cash settlement of securities, but requires further study.
Managing director and CEO of National Stock Exchange tells Livemint new technology is needed to meet traders’ increasing sophistication.
FSS and KoFIU will check on implementation progress of AML guidelines; examine corporate accounts belonging to crypto exchanges.
FSC may authorise Japan’s Line Corp and Rakuten to operate as full-service banks in Taiwan.
Under the enhance cooperation agreement, the FCA and ASIC will speed up cross-market authorisations and testing for innovative businesses.