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Structural Regulation
Australia Launches Next Phase of Business Registry Modernisation
By Ranamita Chakraborty | 19/04/2021
Commissioner of Taxation Chris Jordan was appointed Registrar of the new ABRS, which will unify 32 business registers in Australia.
Emerging Prudential Risks
BCBS Outlines Work Priorities for 2021-2022
By Editors | 19/04/2021
Priorities include ongoing Covid-19, digitalisation, climate risk, AI/machine learning, data and technology governance and operational resilience.
Emerging Prudential Risks
National Security, Financial Stability are Mutually Dependent: HKMA
By Editors | 18/04/2021
Chief executive Eddie Yue said the HKMA is pursuing initiatives to enhance its use of technology to analyse financial data as part of its efforts in market supervision.
Emerging Prudential Risks
Rising Asset Prices May Risk Financial Stability: RBA
By Sanday Chongo Kabange | 18/04/2021
A correction in asset prices, if borrowers’ income were to fall and so they defaulted on debt repayments, could expose lenders to large losses.
CBDCs
Privacy Cited as Top Concern for a European CBDC
By Sanday Chongo Kabange | 15/04/2021
ECB survey respondents cited privacy as the top priority feature for a potential digital euro, followed by security and usability across the euro area.
KYC & CDD
Digital ID Perceived As Beneficial in Combatting Financial Crime
By Manesh Samtani | 14/04/2021
Digital IDs are perceived as beneficial for the fight against financial crime, an ACAMS-RUSI survey finds. However they may also present risks.
AI Risk & Governance
FSC Korea to Create Policy on Use of AI in Financial Services
By Editors | 14/04/2021
The policy seeks to improve fairness and transparency, and protect consumers from newly emerging financial crimes.
Cloud & Infrastructure
China: CFCA Starts to Embed LEIs in Digital Certificates
By Manesh Samtani | 14/04/2021
The China Financial Certification Authority has also become the first certification authority to become a validation agent in the Global LEI System.
Cloud & Infrastructure
Korea Enhances Regulatory Sandbox Through Legislative Revisions
By Manesh Samtani | 13/04/2021
The revisions will allow sandbox participants to file requests to the FSC and other relevant authorities for changes to regulations.
Structural Regulation
Overseas Filipino Bank Obtains Digital Bank Licence
By Ranamita Chakraborty | 09/04/2021
Overseas Filipino Bank, formed as a policy bank to provide services to overseas Filipinos, has been granted a digital banking licence.
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