ADVERTISEMENT
Emerging Prudential Risks
Financial Stability Risks from BigTech May Be Increasing: FSB
By Editors | 21/03/2022
The FSB warns that bigtechs could become so large or dominant that their failure could have a severe impact on economic activity and financial stability.
Data Privacy
Australia Consults on Expansion of CDR to Non-Bank Lending
By Editors | 20/03/2022
The designation of non-bank datasets under the CDR will support creditworthiness assessments and compliance with responsible lending obligations.
AI Risk & Governance
Japan FSA Progresses Work on AI-based Translation System
By Editors | 19/03/2022
Translated financial documents were used as training data for the AI system, helping to improve the efficiency and accuracy of translations between Japanese and English.
KYC & CDD
RBI Orders Paytm Payments Bank to Stop Onboarding Clients
By Editors | 19/03/2022
The bank reportedly violated rules by allowing data to flow to servers overseas and did not properly verify thousands of customers.
Trading & Investment
Thai SEC, World Bank Partner on Capital Markets Development
By Editors | 18/03/2022
The study will help the SEC ensure the capital market is responsive to the needs of investors and serves as a key mechanism to drive the economy towards sustainable growth.
Clearing & Post-Trade
ASIC Expresses “Significant Concern” Over 4-Hour Outage at ASX
By Editors | 18/03/2022
After the incident on Thursday, ASIC said it views the outage with “significant concern” due to its “significant impact” on the market, market participants and investors.
AI Risk & Governance
BCBS Assesses Bank Use of AI & Machine Learning
By Editors | 18/03/2022
The BCBS is exploring banks’ use of AI/ML, specifically in the areas of explainability, governance, and resilience and financial stability.
Trading & Investment
SGX Selects Tata Consultancy Services to Power GIFT Connect
By Editors | 17/03/2022
The GIFT Connect system will permit SGX members to place orders on NSE IFSC using FIX/proprietary APIs or the TCS BaNCS dealing terminal.
Structural Regulation
China to Concede to US Regulators on Audit Supervision Issue
By Mark Johnston | 17/03/2022
Chinese regulators plan to allow some companies to provide some audit information to the PCAOB, and provide additional clarity on what information can and cannot be disclosed overseas.
Cloud & Infrastructure
RBI Lifts Restrictions on Digital Product Launches at HDFC
By Editors | 16/03/2022
The restrictions were imposed in 2020 in response to multiple digital outages that impacted customers. HDFC is India’s largest private bank.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.