Cloud & Infrastructure

AI Risk & Governance

FSS Korea to Use Naver’s AI Tech in Supervisory Work

By Editors | 04/04/2024

Under a new MoU, the FSS will be able to use Naver’s technologies to enhance its supervision, monitoring, and inspection activities.

Cybersecurity

Singapore Tables Bill in Parliament to Amend Cybersecurity Act

By Nithya Subramanian | 04/04/2024

Under the amendments, data centres, cloud services and other foundational digital infrastructure will be subject to a “light-touch” regulatory treatment.

Cloud & Infrastructure

The Compliance Complexity Driving RegTech Demand in APAC

By Ed Probst | 02/04/2024

The growing complexity of regulatory requirements including in the reporting space is prompting FIs to rethink their approach to compliance, says Ed Probst.

Structural Regulation

FSS Korea Launches New Registration System for Investment Firms

By Mark Johnston | 02/04/2024

The new system will streamline the registration process for prospective financial investment businesses and eliminate the need for physical documents.

Cloud & Infrastructure

HKMA to Soon Issue Guidelines for Banks on DLT Adoption

By Manesh Samtani | 02/04/2024

HKMA’s Raymond Chan said the new guidelines will not be binding nor exhaustive, but they will provide a “helpful benchmark” for banks looking to plan and develop DLT solutions.

Structural Regulation

India: Panel Proposes Measures to Make GIFT City a Global Finance Hub

By Ajoy K Das | 01/04/2024

Government-appointed experts’ committee says clearer criteria should be provided to those wishing to set up a financial services company in GIFT City.

Tokenisation

Regulatory Certainty Needed to Fully Benefit from Tokenisation: SFC

By Nithya Subramanian | 01/04/2024

The SFC’s Elizabeth Wong says intermediaries planning to offer tokenised products must demonstrate that they have done their due diligence and can manage the associated risks.

Clearing & Post-Trade

ISDA to Commence Work to Update FX Standards

By Manesh Samtani | 26/03/2024

CEO Scott O’Malia said ISDA is also prioritising the development of a new industry notices hub and continuing to engage with US policymakers on the proposed Basel III reforms.

Payments & Settlements

Australia’s High Value Clearing System Has Adopted ISO 20022

By Mark Johnston | 25/03/2024

The transition was one of the “largest and most complex programmes of work AusPayNet has undertaken to date in-house,” said CEO Andy White.