AI, Technology & Data

Custody & Infrastructure

Singapore Launches National Blockchain Innovation Programme

By Editors | 07/12/2020

The initiative is aimed at further strengthening Singapore’s blockchain ecosystem and promoting the adoption of scalable and interoperable blockchain solutions.

Cloud & Infrastructure

Singapore Launches Digital Infrastructure to Facilitate Financial Planning

By Editors | 07/12/2020

SGFinDex uses SingPass and a centrally managed online consent system to enable individuals to access their financial information held across different government agencies and FIs.

Structural Regulation

SFC Proposes to Introduce HK Investor ID Regime in 2022

By Editors | 06/12/2020

The proposed investor ID regime is expected to be implemented in Q1 of 2022 at the earliest. A separate reporting regime is proposed for OTC securities transactions.

Data Privacy

MAS Proposes to Make Data Breach Offences Compoundable

By Manesh Samtani | 03/12/2020

MAS would be able to take tougher actions against breaches that do not meet the threshold of a criminal prosecution but call for stronger penalties.

Emerging Prudential Risks

Pandemic Cited as Top Financial Stability Risk for 2021: DTCC

By Editors | 03/12/2020

The Covid-19 pandemic ranks as the greatest threat to global financial stability in 2021, according to a new survey published by DTCC.

Payments & Settlements

HKMA Unveils New FPS Feature Allowing Link to HKID

By Sanday Chongo Kabange | 02/12/2020

From 6 December onwards, individuals can link their HKID numbers to a bank account to conveniently receive payments, the HKMA said.

Conduct, Culture & Accountability

Singapore Launches Initiative to Groom Future Private Bankers

By Editors | 02/12/2020

Private banks aim to offer 200 undergraduate traineeship positions over the next three years, benefitting from the Work-Study Support Programme recently launched by MAS.

Anti-Money Laundering

Lessons from Cryptoassets in the Fight Against Financial Crime

By David Carlisle | 01/12/2020

Elliptic’s David Carlisle and Onchain Custodian’s El Lee discuss opportunities for the banking and cryptoasset industries to learn from one another in the fight against financial crime.

Structural Regulation

Lack of Electronic Solutions Hindering Capital Market Access: ASIFMA

By Editors | 30/11/2020

The report calls on government and regulators to facilitate greater use of e-signatures, virtual meetings, and other electronic solutions in Hong Kong and Singapore capital markets.