AI, Technology & Data

Structural Regulation

SFC Finalises Investor ID, OTC Securities Reporting Regimes

By Manesh Samtani | 11/08/2021

The investor identification regime is expected to be launched in H2 2022. The securities transactions reporting regime will go live in H1 2023.

Data Privacy

BSP to Finalise Members of Open Finance Body This Year

By Sanday Chongo Kabange | 10/08/2021

The open finance oversight committee which will formulate standards for consent-based data sharing will include representation from across the financial industry.

Data Privacy

Big Tech Brings ‘New and Unfamiliar’ Challenges: BIS

By Ranamita Chakraborty | 06/08/2021

A purely activity-based approach to regulating big tech is likely to fall short. Central banks need to more closely coordinate with competition and data governance authorities.

Anti-Money Laundering

MAS Finalising New Data-sharing Platform for Banks

By Manesh Samtani | 05/08/2021

The new platform will enable banks to securely share information on customers exhibiting significant risk red flags and warn each other of potential criminal activity.

Payments & Settlements

RBI Issues Outsourcing Framework for Payment System Operators

By Sanday Chongo Kabange | 05/08/2021

Payment system operators may not outsource core management functions such as risk management, internal audit and KYC compliance.

Data Privacy

S. Korea Sets New MyData Launch Date in Revised Guidelines

By Ranamita Chakraborty | 05/08/2021

The revised guidelines enhance consumer data protections. MyData businesses will begin offering services via standardised APIs from 1 December 2021.

Structural Regulation

CSRC Promises Increased Predictability of Policy Measures

By Sanday Chongo Kabange | 04/08/2021

The CSRC says it will seek closer cooperation with the US SEC and enhance the transparency and predictability of policy measures.

AI Risk & Governance

New BIS Paper Calls for Concrete Guidance on AI

By Sanday Chongo Kabange | 04/08/2021

Common themes on AI governance create scope for the development of international guidance or standards, says a new paper from the Financial Stability Institute.

Structural Regulation

China, Hong Kong to Strengthen Legal, Judicial Cooperation

By Editors | 02/08/2021

China and Hong Kong will promote mutual recognition and assistance in bankruptcy procedures. Mainland judicial practice training will be arranged for Hong Kong legal professionals.