ADVERTISEMENT
Coverage of regulatory trends, risks, and innovations in the adoption of cloud services and critical infrastructure for financial institutions.
Payments & Settlements
Korea to Pilot Open Banking Platform From 30 Oct
By Editors | 16/10/2019
Banks and fintechs will pilot test the ability of customers to manage multiple bank accounts and withdraw and transfer money from within a single app.
Emerging Prudential Risks
FSB Highlights Market Fragmentation Issues in Letter to G20
By Manesh Samtani | 15/10/2019
In a letter to the G20 finance ministers and central bank governors, the FSB says the development of post-crisis reforms is “nearly complete”, but implementation progress remains uneven.
Cybersecurity
Navigating Regulation for Singapore’s Banking 4.0
By Wissam Khoury | 11/10/2019
Singapore banking sector players are tasked with finding a balance between open innovation and regulatory compliance, says Finastra’s Wissam Khoury.
Cloud & Infrastructure
Innovation Hubs Are More Effective Than Sandboxes
By Manesh Samtani | 10/10/2019
Innovation hubs provide all the benefits associated with regulatory sandboxes, while avoiding most of the downsides, says a new paper from UNSW Law.
Data Privacy
From Data Governance to Data Culture: BCBS 239 and Beyond
By Garima Chitkara | 10/10/2019
Asian firms need to look beyond regulatory compliance with respect to data to ensure the most effective use of their data resources.
Payments & Settlements
MPFA to Complete eMPF Platform Bidding Process by Year-End
By Editors | 09/10/2019
Hong Kong’s MPF System relies on cheque settlement, manual handling and paper transactions. The MPFA aims to launch a new ‘eMPF Platform’ in 2022.
Payments & Settlements
SWIFT, HSBC to Define Common API Standard for Hong Kong
By Editors | 04/10/2019
The new standard will re-use ISO 20022 components to ensure interoperability with Hong Kong’s clearing and settlement systems, facilitating the next phases of open banking in the city.
Data Privacy
Hong Kong Making Slow Progress on Open Banking: S&P
By Editors | 03/10/2019
S&P Global Ratings says Hong Kong’s approach to open banking makes it hard for third-party service providers to participate, limiting the potential of the new digital ecosystem.
Cybersecurity
Singapore Unveils New Framework for Upskilling Financial Sector
By Editors | 30/09/2019
The IBF, MAS, SkillsFuture and Workforce Singapore jointly developed the framework to help finance industry professionals upgrade their skills and remain relevant.
Cloud & Infrastructure
Regulatory Reporting: An Approach for Smaller Banks
By Irene Liu | 25/09/2019
Banks are starting to gain real business value from investments into better data governance and architecture, say Irene Liu, David Yakowitz and Catherine Lee at PwC.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.