AI Risk & Governance

Structural Regulation

China: Regulatory Crackdown on Internet Platforms Not Yet Complete

By Darien Choong | 02/11/2021

About half China’s major Internet platforms have implemented plans to restructure their financial businesses. More progress is expected by year-end.

AI Risk & Governance

HKIMR Offers Suggestions to Narrow AI/BD Talent Gap

By Editors | 31/10/2021

An estimated 2,000 professionals with both finance and AI/big data skills are needed to meet the talent gap in Hong Kong’s financial industry.

Cloud & Infrastructure

FSC Korea Pledges to Support Digital Transformation of Banks

By Sanday Chongo Kabange | 31/10/2021

FSC chairman Koh Seungbeom said the entry of tech giants into financial services has added fuel to market competition.

Anti-Money Laundering

FATF Issues New Report on Digitalisation of FIUs

By Editors | 28/10/2021

The report outlines how FIUs can benefit from the adoption of digital tools, including through improved data utility, analytical capacities, and STR management.

Cloud & Infrastructure

HKMA to Bolster Regtech Talent Through New Skills Framework

By Manesh Samtani | 25/10/2021

The HKMA will launch a new ECF on Fintech by year-end. It will incorporate a set of competency standards and training curriculum that apply to regtech practitioners.

Cloud & Infrastructure

HKMA, PBOC Agree to Link Regulatory Sandbox Across Borders

By Mark Johnston | 22/10/2021

The arrangement will facilitate cross-border financial innovation in the Greater Bay Area and strengthen supervisory exchanges.

AI Risk & Governance

CBIRC Shenzhen Launches Initiative to Drive SupTech Development

By Darien Choong | 18/10/2021

A new Smart Inspection Laboratory will develop tools to facilitate on-site inspections, off-site supervision, and market access.

Data Privacy

PBOC Vows to Fill Gaps in FinTech Regulation

By Mark Johnston | 14/10/2021

Governor Yi Gang says the PBOC will continue to strengthen its supervision of fintech companies, while also improving policy transparency and predictability.

AI Risk & Governance

BIS Partners with MAS, BOE, ISDA on Data & Analytics Platform

By Manesh Samtani | 07/10/2021

Project Ellipse explores the use of ISDA’s Common Domain Model to digitally extract, query and analyse large quantities of data in real-time for supervisory purposes.