Tokenised securities will impact traditional finance and act as a bridge between legacy finance and the new digital world, taking benefits from each system, ASIFMA says in a new white paper.
The POC was a test of a private-permissioned blockchain-driven solution for securities borrowing and lending that can enhance market discovery, efficiencies and transparency.
Korea has passed new legislation establishing a legal basis for the operation of P2P lending businesses and the regulatory oversight role of the FSC and FSS.
OCBC Enables Instant Bank Account Opening for Startups
For certification, fintech products will be subject to testing and inspection for safety, quality assurance and product consistency.
The high-level principles cover governance, application design and development, and ongoing monitoring and maintenance of banks' AI applications.
Bills related to tax, government rates and rent, and water will be issued with FPS QR codes moving forward.
Among the key measures announced by PBOC Shanghai is the possible introduction of a regulatory sandbox, drawing on international practice.
Licensed corporations must ensure cyber and operational risks are properly mitigated and that the SFC’s access to regulatory records is not restricted or otherwise undermined.
The draft guidance analyses the use, reliability and independence of digital ID systems, and looks at how they can meet FATF requirements around customer due diligence.