AI, Technology & Data

Data Privacy

Line Pay to Bring Data Stored Overseas Back to Japan

By Sanday Chongo Kabange | 25/03/2021

Line must submit detailed reports to Japanese authorities explaining how it protects personal data, after employees at a China affiliate were found to have access to user information.

Payments & Settlements

PBOC, SWIFT to Establish Cross-border Payment Stability

By Editors | 25/03/2021

The PBOC’s joint venture with SWIFT will build a localised messaging network to provide Chinese FIs with a more stable connection to the main SWIFT network.

Payments & Settlements

SEBI Issues Guidelines for MIIs on Handling Disruptions

By Sanday Chongo Kabange | 24/03/2021

The new guidelines follow last month’s trading halt at the NSE. The exchange has submitted a root cause analysis to SEBI.

Capital Adequacy

Former Fed Employee Pleads Guilty to Stealing Bank Stress Test Data

By Sanday Chongo Kabange | 23/03/2021

The former employee faces jail time for removing restricted documents from his workstation, including proprietary information used by the Fed to conduct bank stress tests.

Cryptocurrency

BSP, PDAX to Cooperate on Crypto-and-Fintech Regulatory Sandbox

By Editors | 23/03/2021

A crypto-and-fintech regulatory sandbox will boost innovation and technological advancement in financial services, while also increasing public participation in these markets.

Payments & Settlements

SFA, Remittance Association to Jointly Strengthen SG Remittance Industry

By Editors | 22/03/2021

The SFA Remittance Sub-Committee has been launched to promote the adoption of technologies to strengthen Singapore’s money remittance industry.

Market Abuse

Taiwan Regulators Steps Up Scrutiny of Clubhouse App

By Ranamita Chakraborty | 22/03/2021

The social media app restricts voice recording without the consent of every speaker in a chat room, which may create a loophole for stock manipulators.

Operational Risk

HKMA Outlines Regtech Use Cases for Treasury Operations

By Editors | 21/03/2021

The use cases presented include solutions to detect rogue trading activities, standardise derivatives trading lifecycle events, and enhance liquidity risk monitoring.

Structural Regulation

Malaysia SC Outlines Capital Market Plans for 2021

By Sanday Chongo Kabange | 21/03/2021

The SC said it will launch its five-year Capital Market Masterplan 3 in H2 2021, strengthen its regulatory capabilities, and streamline conduct requirements.