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Data Privacy
Australia to Expand CDR Across Financial Services Sectors
By Mark Johnston | 04/02/2022
The government will assess which datasets to prioritise across the non-bank lending, merchant acquirer, superannuation and insurance sectors.
Data Privacy
Taiwan to Enable Secure Sharing of Personal Credit Score Data
By Darien Choong | 04/02/2022
Under a new mechanism, consenting parties can submit personal credit score data to the JCIC, which will encrypt the data and securely share it with qualified P2P lenders.
Conduct, Culture & Accountability
Philippines Passes New Financial Consumer Protection Act
By Editors | 02/02/2022
The law empowers financial regulators to enforce standards of business conduct by financial entities and adjudicate on consumer complaints.
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.
Reporting & Disclosures
MAS to Issue New Anti-Greenwashing Rules for ESG Funds
By Manesh Samtani | 31/01/2022
Greenwashing poses a “real and present danger” to industry efforts to advance sustainability considerations in their investment processes.
AI Risk & Governance
Evolving AI Risks and Regulations in Singapore and the EU
By Peiying Chua | 31/01/2022
Peiying Chua explains how financial institutions can ensure their implementation of AI does not run afoul of lawmakers and regulators.
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.
Cybersecurity
WEF Report Calls for Cybersecurity to be Prioritised
By Editors | 30/01/2022
The report highlights prioritisation gaps between business executives and security-focused leaders, saying this can leave firms vulnerable to attacks.
Payments & Settlements
HKMA Unveils Plans to Link eTradeConnect, CDI, mBridge
By Manesh Samtani | 28/01/2022
HKMA’s Eddie Yue said the combined power of the three infrastructures will pave the way for digitalising cross-border trade across APAC.
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