Cloud & Infrastructure

Cloud & Infrastructure

Bank of Papua New Guinea Launches Regulatory Sandbox

By Editors | 11/12/2019

Local and foreign financial institutions and fintech firms are welcome to apply to test new products and services that could enhance financial inclusion and the provision of financial services.

Cloud & Infrastructure

No Immediate Financial Stability Risks from Cloud Services: FSB

By Manesh Samtani | 10/12/2019

While no immediate financial stability risks have been identified, there may be new issues to consider given the scale of services provided via the cloud and the small number of globally dominant players.

Emerging Prudential Risks

BigTechs Could Raise Issues for Policymakers: FSB

By Manesh Samtani | 10/12/2019

BigTech firms could raise a range of issues for policymakers, warranting additional regulation and/or financial oversight over their activities, the FSB says in a new report.

KYC & CDD

Sri Lanka to Develop Shared KYC Facility Using Blockchain

By Editors | 06/12/2019

The CBSL is inviting software development companies to apply (by 31 December) to help in the development of a proof-of-concept of a shared KYC facility.

Data Privacy

Korea Announces New Measures to Boost Fintech Development

By Editors | 05/12/2019

Among other measures, the FSC said that it would promote the use of regulatory sandboxes to produce at least 100 cases of innovative financial services by March 2020.

Structural Regulation

Korea FSS Pledges to Improve Environment for Foreign FIs

By Editors | 03/12/2019

At a meeting with bank and asset manager heads, the FSS promised to lower regulatory and operational barriers for foreign firms looking to enter Korea’s financial markets.

Data Privacy

China Eyes Stronger Data Governance Standards for Financial Sector

By Editors | 28/11/2019

The China Banking Association is working to develop technology standards to facilitate data analysis, while also ensuring adequate security and data quality management.

Clearing & Post-Trade

Thailand to Launches DLT Pilot Trading Corporate Bonds

By Editors | 26/11/2019

The DLT project was first announced in September, and will first test trading with bonds before expanding to equities, derivatives and investment funds.

Data Privacy

BCBS Examines Evolution, Risks of Open Banking

By Editors | 20/11/2019

While open banking has the potential to transform banking services and bank business models, greater attention must be paid to the risks that come with increased data sharing.