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Data Privacy
Australian Treasury Proposes to Lower Barriers to CDR Participation
By Editors | 07/07/2021
Rule amendments include changes to reduce barriers to participate in open banking and increase participation in the CDR by data recipients and consumers.
Anti-Money Laundering
FATF Examines Collaborative Analytics and the Need for Privacy
By Manesh Samtani | 06/07/2021
An AML risk information sharing platform in trial operation in China allows FIs to check whether a customer is labelled high risk by other FIs without any customer data being exchanged.
Clearing & Post-Trade
Industry Bodies Partner to Adapt CDM for Repo, Bonds
By Sanday Chongo Kabange | 06/07/2021
Implementation of the Common Domain Model for repo and bonds is expected to deliver industry wide efficiency gains, ICMA says.
Cloud & Infrastructure
Australia Proposes Bill to Facilitate Technology Use in Company Meetings
By Sanday Chongo Kabange | 06/07/2021
The legislation will facilitate the use of technology in meetings, to execute company documents and send meeting-related materials.
Anti-Money Laundering
FATF Examines Technology Use in AML/CTF Efforts
By Manesh Samtani | 05/07/2021
While the use of innovative AML/CFT technologies can help identify risks and focus compliance efforts, manual review and human input remain “very important”.
Operational Risk
RBI Issues New Guidelines on Outsourcing for Coop Banks
By Editors | 03/07/2021
Cooperative banks should not outsource policy formulation, internal audit, KYC compliance, credit approval and portfolio management.
Structural Regulation
MAS: Remaining Amendments for BAA 2020 Take Effect
By Editors | 03/07/2021
Remaining amendments to Regulations, Notices and Guidelines needed for the Banking (Amendment) Act 2020 (BAA) commenced on 1 July 2021.
Structural Regulation
Philippines Expects More Entrants to Digital Banking Scene
By Ranamita Chakraborty | 02/07/2021
Tencent-backed Voyager Innovations, Philippine National Bank, RCBC, South Africa’s TymeBank, UnionBank, and EastWest Bank are among the applicants.
Structural Regulation
FMA Finds Improved Regulatory Arrangements at NZX
By Ranamita Chakraborty | 01/07/2021
The overall design of NZ RegCo is a notable improvement on prior arrangements, FMA said in an annual review of NZX.
Cloud & Infrastructure
HKMA Sets Out ‘Four Actions’ to Realise Regtech 2025 Vision
By Manesh Samtani | 01/07/2021
At the HKMA’s flagship regtech conference, Eddie Yue outlined the initiatives underway to promote regtech adoption, including to explore a corporate version of iAM Smart.
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