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Data Privacy
Taiwan Credit Bureau to Provide Fintechs Access to Borrower Data
By Sanday Chongo Kabange | 25/11/2020
The Joint Credit Information Center is planning to establish a new credit database by October 2021 which will provide lending and repayment data to fintech firms.
Structural Regulation
Thailand SEC to Remove Hardcopy Document Requirement for Takeovers
By Sanday Chongo Kabange | 23/11/2020
Under the SEC’s proposal, investors who make a tender offer for all the securities of a business will no longer have to submit hardcopy documents in the tendering process.
Structural Regulation
ASIC Seeks Greater Powers to Collect Data from Managed Funds
By Shruti Khairnar | 21/11/2020
ASIC’s Karen Chester says insolvencies and macro forces could present greater liquidity challenges to fund managers and affect investors’ ability to withdraw from funds.
Payments & Settlements
Vietnam Working to Allow Cooperation With Foreign Firms in Payments
By Sanday Chongo Kabange | 21/11/2020
Currently, Vietnam has no regulations for international payments to be made via foreign intermediary payment operators or e-wallets.
Payments & Settlements
BSP Seeks Interoperability, Unified Standard in Payments
By Sanday Chongo Kabange | 21/11/2020
BSP governor Benjamin Diokno envisions that payment facilities operated by individual banks and payment firms will operate under a single standard.
Cloud & Infrastructure
SFC Signs Fintech Cooperation Agreement with Israeli Regulator
By Editors | 17/11/2020
The agreement establishes a framework for information sharing, potential joint innovation projects and referrals of innovative firms seeking to enter one another’s markets.
Data Privacy
BSP, MAS Declare Opposition to Data Localisation Requirements
By Editors | 16/11/2020
Data mobility in financial services supports economic growth, innovative financial services, risk management and compliance, BSP and MAS say in a joint statement.
Operational Risk
Underinvestment in Data, Tech a Root Cause of Breaches: ASIC
By Editors | 16/11/2020
Underinvestment in data and technology systems creates operational risks, delays in picking up problems, and costly remediation programmes, says ASIC commissioner Sean Hughes.
Data Privacy
Korean MyData Industry ‘The First of its Kind’, says FSC Vice Chair
By Editors | 15/11/2020
The FSC’s Doh Kyu-sang says 35 entities are currently under review to receive preliminary licences to participate in the MyData ecosystem.
Operational Risk
SEBI to Expand Risk Management Committee’s Role at Listed Entities
By Editors | 15/11/2020
The requirement to constitute a risk management committee will be expanded to more companies and its role expanded to include ESG risks.
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