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Sustainable Finance
Singapore Should Lead on Green Fintech Regulation Ahead of COP26
By Benjamin Soh | 23/08/2021
Singapore is well positioned to be a global leader on regulatory innovation in green fintech, writes Benjamin Soh, Co-founder and Managing Director of STACS.
Market Data & Technology
US SEC Allows API Access to Financial Disclosure Data
By Editors | 22/08/2021
The APIs aggregate financial statement data and make corporate disclosures quicker and easier for developers and third-party services to use
Structural Regulation
OJK Indonesia Introduces Digital Banking Framework
By Editors | 22/08/2021
Digital banks should have a minimum paid-up capital of IDR 10 trillion (USD 694 million). However, the capital deposit required at the time of application is IDR 3 trillion.
Data Privacy
China Passes New Personal Data Protection Law
By Manesh Samtani | 22/08/2021
The law establishes a set of rules for the collection, processing and protection of personal information, effective from 1 November.
Structural Regulation
China Drafts Rules Banning Unfair Competition by Tech Firms
By Sanday Chongo Kabange | 20/08/2021
The proposed rules prohibit Internet platforms from facilitating unfair competition on the Internet or disrupting free market competition.
Data Privacy
RBI Says Only Visa Complies With Data Localisation Rules
By Ranamita Chakraborty | 19/08/2021
Visa is the only foreign card network that complies with requirements for financial data on Indian customers to be stored locally, the RBI says.
Clearing & Post-Trade
Depositories to Develop Platform for Monitoring Security Creation: SEBI
By Editors | 18/08/2021
SEBI is asking issuers, debenture trustees, and credit rating agencies to carry out necessary changes to ensure readiness to use the new DLT-based platform.
AI Risk & Governance
OECD Offers Policy Advice for Regulating AI in Financial Services
By Manesh Samtani | 17/08/2021
Among the recommendations are the introduction of suitability requirements for AI-driven financial services, and add-on capital buffers based on AI algorithms.
Structural Regulation
HKEX Publishes Operational Details for New Investor ID Regime
By Manesh Samtani | 15/08/2021
Market system development and testing will start in Q3 2021 and intermediaries will have to develop their internal systems by the end of Q1 2022.
Supervision & Enforcement
CBIRC Launches Crackdown on Online Insurance Firms
By Sanday Chongo Kabange | 15/08/2021
The CBIRC has ordered online insurers to conduct self-checks to identify violations, make immediate corrections and hold responsible personnel to account.
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