Fintech / Regtech
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ASEAN Fintechs, Banks Set up Pan-regional Sandbox to Boost Financial Inclusion
Samuel Riding, Regulation Asia September 21, 2017Sandbox board includes ASEAN Bankers Association, Monetary Authority of Singapore and is being advised by Intel, Microsoft Asia Pacific and IBM Philippines.
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Hong Kong Monetary Authority Sends Fintech Delegation to London
Editors, Regulation Asia September 21, 2017Central bank and apex regulator says delegation is the largest it has ever put together, will meet London start-ups and accelerator programmes.
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MAS Creates Advisory Panel on Cybersecurity
Editors, Regulation Asia September 21, 2017Panel on cybersecurity and resilience includes representatives from Accenture, JPMorgan, London Stock Exchange, PwC and Standard Chartered Bank.
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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.
