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Coverage of regulatory trends, risks, and innovations in the adoption of cloud services and critical infrastructure for financial institutions.
Data Privacy
Australia Commences Review of Consumer Data Right
By Editors | 16/02/2022
The review will explore the extent to which implementation of the CDR drives value for consumers, increases competition, and drives innovation in data services.
Cloud & Infrastructure
Interconnected Data: A Strategic Approach to Regulatory Compliance
By Bradley Foster | 14/02/2022
Bradley Foster and Murat Bozdemir discuss the need to have a strategic data framework in place to ensure regulatory compliance and set out operational best practices for the road ahead.
Cloud & Infrastructure
China to Digitise Bank Confirmation Services in New Pilot
By Darien Choong | 11/02/2022
The participants of the pilot programme include 32 listed companies, 7 accounting firms, 7 banks, and 1 third-party digital platform provider.
CBDCs
Boston Fed, MIT Research Shows Potential For CBDC
By Sanday Chongo Kabange | 10/02/2022
Project Hamilton produced a code base capable of handling 1.7 million transactions per second, 99% of which reached settlement finality in under one second.
Structural Regulation
China Issues Five Year Plan for Financial Standardisation
By Editors | 10/02/2022
The plan envisions the development of a financial standard system that is in line with international standards and driven by market forces, led by the government.
Cloud & Infrastructure
GLEIF Publishes Governance Details for Digitally Verifiable LEI
By Manesh Samtani | 08/02/2022
The vLEI Ecosystem Governance Framework is part of an initiative to ensure that every legal entity has a digital identity that can be trusted and easily verified.
Structural Regulation
BOT Sets Out Plans for ‘New Financial Landscape’
By Mark Johnston | 07/02/2022
The BOT will introduce virtual bank licences, relax fintech investment limits for banks, promote open data, and establish TCFD aligned disclosure standards.
Emerging Prudential Risks
Skills Gap a Key Bottleneck for Macao Financial Sector: IMF
By Sanday Chongo Kabange | 02/02/2022
The IMF proposes a multi-prong approach to bridge the skills gap and support the development of modern financial services in Macao.
Cloud & Infrastructure
BSP Launches Open Finance Roadmap, Financial Inclusion Strategy
By Editors | 02/02/2022
The open finance roadmap paves the way for greater collaboration and data sharing between FIs and fintechs, which will help boost financial inclusion.
Cloud & Infrastructure
CBIRC Asks Banks, Insurers to Prioritise Digital Transformation
By Editors | 31/01/2022
New guidance urges banks and insurers to “vigorously promote” digital financial services and further develop their data and technology capabilities.
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