Fintech / Regtech
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Indonesia Tightens AML Rules to Address Fintech Complexity
Editors, Regulation Asia September 14, 2017Bank Indonesia says new technological developments and innovations have increased risks of money laundering via payment and forex systems.
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China ICO Ban Isn’t Permanent – State-backed Thinktank Says
Samuel Riding, Regulation Asia September 12, 2017Researcher at Institute of Finance and Banking says ban is only temporary; previous reports have suggested regulators are working on ICO framework.
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DLT Not Yet a Solution for Large Central Bank Applications – BOJ
Samuel Riding, Regulation Asia September 11, 2017Japanese central bank and European counterpart conclude from 'Project Stella' tests of DLT in RTGS that the technology is not yet mature enough.
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ASIC Eyes Accountability for Algorithmic System Operators
Samuel Riding, Regulation Asia September 11, 2017Regulator’s chairman says each algorithmic system must have designated individual responsible for design and outcomes, echoing new bank accountability regime.
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Banks’ Own Cryptocurrencies Herald a Revolution
Peter Guy, Regulation Asia September 4, 2017Improved access for consumers and step towards cashless economy made possible by proprietary cryptocurrency systems.
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BCBS Says Supervisors Should Boost Fintech Training, Regtech Use
Samuel Riding, Regulation Asia September 4, 2017Taskforce says regulators will need to start upskilling staff; adopt artificial intelligence, machine learning and other tech to ensure effective supervision.
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Japan SESC Reveals Rise in Market Misconduct
Samuel Riding, Regulation Asia August 30, 2017Misconduct cases up 66%; regulator cites blockchain and cloud computing as hindrance to monitoring efforts, eyes regtech solutions.
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CSRC to Push ‘Central Surveillance System’ for Exchanges
Samuel Riding, Regulation Asia August 29, 2017Chairman Liu Shiyu cites ‘huge room for improvement’ in exchanges' front-line supervision, citing failures exposed by 2015 stock market turmoil.
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HKMA Launches New Round of Trade Repository Testing
Editors, Regulation Asia August 28, 2017Two-stage testing of Phase 2 reporting to depository covers interest rate, foreign exchange, equity, credit and commodity derivatives.
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Philippines Central Bank to Embrace Regtech
Samuel Riding, Regulation Asia August 21, 2017Regtech to include API for FIs' reporting; BSP to push financial services firms to improve cyberdefences; two bitcoin exchanges get regulatory approval.
