AI, Technology & Data

AI Risk & Governance

HKMA to Prepare Roadmap for Promoting Key Fintech Areas

By Manesh Samtani | 23/06/2022

HKMA will formulate a detailed roadmap of initiatives to further promote Investech, Wealthtech, Insurtech and Greentech, as well as artificial intelligence and DLT.

Conduct, Culture & Accountability

SFC Cites Conduct, Technology and Climate as Key Priorities

By Editors | 23/06/2022

The SFC’s latest annual report highlights work to enhance book building and placing practices, regulate fund trustees and custodians, and enhance climate disclosure for fund investors.

CBDCs

BISIH London to Develop API Prototypes for Retail CBDC

By Editors | 22/06/2022

Project Rosalind aims to develop APIs for retail CBDC distribution that best enable a central bank ledger to interact with private sector service providers.

Reporting & Disclosures

MAS Unveils First Use Case for New AI Platform ‘NovA!’

By Sanday Chongo Kabange | 22/06/2022

NovA! will initially be used for ESG risk assessments when originating, underwriting and servicing sustainability-linked loans for the real estate sector.

Data Privacy

China Tightens Rules on Mobile App Development

By Darien Choong | 21/06/2022

The new rules, which takes effect on 1 August, require mobile apps to force users to authenticate their identities.

Cybersecurity

India Designates IT Resources of ICICI, HDFC, NPCI “Protected Systems”

By Editors | 21/06/2022

Unauthorised persons securing or attempting to secure access to protected systems can be jailed for up to ten years and liable for a fine.

Data Privacy

RBI Releases Mastercard from Restrictions Imposed Last Year

By Editors | 20/06/2022

Mastercard was barred from onboarding new domestic customers in July last year due to noncompliance with India’s data storage rules.

Cryptocurrency

Thai SEC Directs Listcos to Exercise Prudence in Crypto Business

By Editors | 20/06/2022

Circulars were sent to listed companies regarding digital assets. The SEC’s final advertising rules will take effect on 16 July. Huobi has exited the Thai market.

Cryptocurrency

BIS Innovation Hub Announces New Set of Projects

By Editors | 20/06/2022

The first three Eurosystem Centre projects will focus on crypto markets, quantum-resistant cryptography for payments, and climate-related disclosures.