Cloud & Infrastructure

Emerging Prudential Risks

FSC Korea Sets Out Work Programme for 2022

By Mark Johnston | 29/12/2021

The work plan focuses on measures to maintain financial stability, reduce debt risks, promote financial innovation, and enhance the FSC’s rules on network security.

Payments & Settlements

Bank Indonesia Launches New Fast Payments System, BI-Fast

By Sanday Chongo Kabange | 24/12/2021

BI-Fast lowers the interbank transfer fee, set at IDR 2,500 (USD 0.18) per transaction, down from the usual IDR 6,500 fee for interbank transfers. 21 banks have so far enrolled on BI-Fast.

Cloud & Infrastructure

HKMA Asks Banks for ‘Active Participation’ in CDI Initiative

By Editors | 23/12/2021

The HKMA is seeking to link the new CDI to the Commercial Credit Rating Agency and Companies Registry to enhance risk management in the banking industry.

Structural Regulation

Taiwan Proposes New Framework for Authorising Internet-only Insurers

By Sanday Chongo Kabange | 23/12/2021

Sponsors of internet-only insurers can include financial institutions and fintech companies. Applications are expected to open in August 2022.

Data Privacy

Australian Treasury Confirms Plans to Expand Consumer Data Right

By Mark Johnston | 23/12/2021

Action initiation functionality will be applied first in the banking sector to enable the development of new, competitive and consumer-focused payment services.

Payments & Settlements

Singapore, Shanghai Bolster Collaboration in Finance, Innovation

By Darien Choong | 22/12/2021

A public private sector workgroup was established by MAS and the Shanghai Municipal Financial Regulatory Bureau to deepen bilateral financial cooperation and connectivity.

Cloud & Infrastructure

SFC Set to Launch Digital Licensing Platform on WINGS

By Editors | 15/12/2021

New electronic licensing forms for licence applications, annual returns, notifications and regulatory filings are to be submitted through WINGS from 3 January.

Clearing & Post-Trade

ASX Introduces Electronic Delivery of CHESS Statements

By Sanday Chongo Kabange | 15/12/2021

The electronic delivery of CHESS statements provides a faster, more efficient service for investors, says ASX group executive Tim Hogben.

Data Privacy

China MIIT Issues Plans for Expansion of Big Data Industry

By Editors | 14/12/2021

The plan includes measures to establish a market-oriented data pricing mechanism, strengthen data governance and security, and establishment data trading platforms.