ASEAN conference also hears of plans to allow cross-border transfer of capital markets professionals without additional license requirements.
Financial Investment Association says Chain ID is a world first, authentication only has to be performed once every three years.
Regulator says current laws are hindering development of financial technology sector; aims to promote ‘full scale digital economy’.
Regulators will develop framework for supervising fund managers, share information and staff amid increasing capital market ties.
Report suggests AI and machine learning could create new systemically important players, warns on opacity, audit difficulty.
Central bank says many firms representing as technology providers are in fact providing finance for clients who can’t access conventional resources.
MMFs will face more enforceable requirements than other portfolios, including rules on average maturity, 1-day/5-day redemption.
Indonesian central bank says ‘financial innovation’ requires pre-approval; State Bank of Vietnam to pass law outlawing virtual currencies next year.
Governments to relax restrictions on cross-border business operations and boost RMB flows; cooperate further on fintech and green finance.
Central banks also points to potential systemic risk from 'common exposure' as competition to lend money intensifies.