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Data Privacy
Ant Group’s Huabei Starts Reporting Credit Data to PBOC Database
By Editors | 23/09/2021
The data-sharing arrangement is part of the rectification measures ordered by financial regulators to break Ant Group’s “information monopoly” over data collection.
Cybersecurity
Industry Group Considers Options for Protecting Data at FMIs
By Editors | 23/09/2021
There is no standard approach to identifying the types of data that need to be protected, nor the manner in which that data should be protected.
Payments & Settlements
BNM Issues New Regulatory Requirements for Merchant Acquirers
By Editors | 23/09/2021
The new requirements will ensure merchant acquiring services have measures in place to manage settlement risk, financial risk, fraud risk, technology risk and cyber risk.
Data Privacy
Chinese Regulators Hold Meeting with Wall Street Firms – Report
By Sanday Chongo Kabange | 21/09/2021
CSRC vice chairman Fang Xinghai reportedly defended moves targeting the education and gaming industries as measures to reduce social anxiety.
Data Privacy
ACCC Approves NAB as Accredited Data Recipient Under CDR
By Editors | 21/09/2021
NAB is Australia’s second big four bank to become an accredited data recipient under the CDR regime, which underpins open banking.
Trading & Investment
SC Malaysia Launches Five Year Capital Market Masterplan
By Manesh Samtani | 21/09/2021
The masterplan includes measures to facilitate greater fundraising efficiency, liberalise access to foreign funds, and further develop the derivatives market.
Cryptocurrency
Korea: Nearly 70 Crypto Exchanges Set to Suspend Services
By Sanday Chongo Kabange | 21/09/2021
Nearly 40 exchanges are set to suspend all services, while 28 have ISMS certification and can continue trading without the Korean won.
Cloud & Infrastructure
Vietnam to Create Fintech Sandbox for Banking Sector
By Editors | 21/09/2021
The central bank will coordinating with government departments and agencies to develop a decree to enable the sandbox.
Cybersecurity
BCBS Calls on Banking Sector to Enhance Cyber Defences
By Editors | 21/09/2021
Remote work arrangements and digital financial services have “enlarged banks’ attack surfaces”, creating opportunities for malicious actors, the BCBS said.
Cloud & Infrastructure
BOT to Embrace Digital Technology in Regulatory Approach
By Pongnut Thanaboonchai | 18/09/2021
The BOT will promote open data and infrastructure to facilitate SME access to credit. The sandbox rules will also be updated.
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