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Coverage of regulatory trends, risks, and innovations in the adoption of cloud services and critical infrastructure for financial institutions.
AI Risk & Governance
ASIC Continues Regtech Support with NLP Trials
By JP Reimann | 07/05/2018
ASIC deepened its support of regtech with natural language processing trials; signifies regulator’s starting point in its evolving approach to new technologies.
Cloud & Infrastructure
Singapore, Vietnam Sign Fintech, Banking Supervision Agreement
By JP Reimann | 26/04/2018
The central banks have agreed on a partnership to encourage fintech innovation and strengthen banking supervision.
Cybersecurity
Philippines Targets Retail Finance Digitalisation
By Garima Chitkara | 19/04/2018
BSP governor laid out the central bank’s regulatory priorities in fintech and regtech while revealing regulation around AML/KYC requirements and mitigating the risks surrounding data security.
Emerging Prudential Risks
APRA’s Economic and Financial Statistics Reform: A User’s Guide to Readiness
By Douglas Cheung | 19/04/2018
APRA may have delayed planned reforms to the Economic and Financial Statistics reported by banks, but banks can’t afford to be complacent, says Douglas Cheung, examining how banks should best prepare for the reforms.
Cybersecurity
HK Banks Introducing Biometrics Expected to Comply With IT Upgrade Guidelines
By JP Reimann | 17/04/2018
Secretary for Financial Services and the Treasury expects banks to comply with requirements of HKMA personal data privacy ordinance.
Data Privacy
Singapore Moves Towards Open Banking Without Regulatory Mandate
By Garima Chitkara | 16/04/2018
MAS chief data officer says data sharing between financial firms will happen “organically” without need for regulatory mandate; may release guidelines on ethical data practices.
Trading & Investment
SFC Eying Rules on Instant Message Trade Orders
By Samuel Riding | 16/04/2018
Executive director also says regulator to develop common standard on the content and format of data required to be kept by investment firms.
Payments & Settlements
HKMA, HKEX Adopt New Messaging Standard
By Editors | 13/04/2018
Monetary authority and stock exchange to use messaging system across cross-border payments and remittances, support ‘open banking’.
Market Data & Technology
India to Level Playing Field Through ‘Managed Co-location Services’
By Garima Chitkara | 12/04/2018
SEBI asks exchanges to provide technical know-how and expertise to small traders that buy their co-location services in order to level the playing field among exchange members.
Cloud & Infrastructure
Philippines to Strengthen Supervision Through Regtech
By Editors | 05/04/2018
BSP to adopt regtech solutions including API for electronic data submissions by FIs, chatbot for complaints to the regulator.
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