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Coverage of regulatory trends, risks, and innovations in the adoption of cloud services and critical infrastructure for financial institutions.
Payments & Settlements
Singapore E-wallets to Gain Direct Access to FAST, PayNow
By Manesh Samtani | 30/11/2020
Consumers will be able to top-up their e-wallets directly through their bank accounts, rather than using a debit or credit card. Fund transfers between e-wallets will also be made possible.
Market Data & Technology
NZX to Create Industry Working Group on Capital Markets Technology
By Editors | 30/11/2020
The working group will develop a roadmap to solve for New Zealand’s lack of scale and geographic isolation through the use of technology.
Payments & Settlements
Australia, Singapore to Trial Paperless Trade Using Blockchain
By Editors | 29/11/2020
The Australian Border Force, Singapore Customs, and IMDA, as well as industry groups and financial institutions, will participate in the trial.
Structural Regulation
Philippine Central Bank Introduces Digital Banking Framework
By Editors | 27/11/2020
Foreign individuals and non-bank corporations are allowed to hold up to 40% of a digital bank’s voting shares, while foreign banks are allowed to hold up to 100%.
Conduct, Culture & Accountability
MAS Announces Measures to Develop Financial Sector Workforce
By Editors | 26/11/2020
MAS will launch a new Work-Study Support Programme to develop job-ready graduates and extend the Training Allowance Grant for company-sponsored trainees by six months.
Sustainable Finance
Singapore, Chongqing Work to Enhance Financial Connectivity
By Sanday Chongo Kabange | 25/11/2020
MAS managing director Ravi Menon spoke of collaboration between the two cities on trade, cross-border lending, green finance, and disaster risk insurance.
Structural Regulation
Thailand SEC to Remove Hardcopy Document Requirement for Takeovers
By Sanday Chongo Kabange | 23/11/2020
Under the SEC’s proposal, investors who make a tender offer for all the securities of a business will no longer have to submit hardcopy documents in the tendering process.
Payments & Settlements
Vietnam Working to Allow Cooperation With Foreign Firms in Payments
By Sanday Chongo Kabange | 21/11/2020
Currently, Vietnam has no regulations for international payments to be made via foreign intermediary payment operators or e-wallets.
Payments & Settlements
BSP Seeks Interoperability, Unified Standard in Payments
By Sanday Chongo Kabange | 21/11/2020
BSP governor Benjamin Diokno envisions that payment facilities operated by individual banks and payment firms will operate under a single standard.
Cloud & Infrastructure
SFC Signs Fintech Cooperation Agreement with Israeli Regulator
By Editors | 17/11/2020
The agreement establishes a framework for information sharing, potential joint innovation projects and referrals of innovative firms seeking to enter one another’s markets.
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