AI, Technology & Data

Cloud & Infrastructure

New Zealand FMA to Deepen Fintech, ESG Expertise

By Sanday Chongo Kabange | 05/11/2020

The appointments reflect the FMA’s support for innovation in financial services and a commitment to supporting New Zealand’s transition to a greener financial system.

Structural Regulation

IOSCO Issues Recommendations to Develop Emerging Capital Markets

By Editors | 04/11/2020

IOSCO outlines the main challenges emerging markets face when developing their capital markets, also exploring opportunities offered by sustainable finance and fintech.

Climate Risk

‘Global Asia Insurance Partnership’ to Launch in January

By Editors | 04/11/2020

GAIP will incubate new risk financing solutions for emerging risks in Asia and serve as a policy think tank, initially focusing on pandemic risk and climate risk.

Cybersecurity

HKMA Launches Upgraded Cybersecurity Fortification Initiative

By Editors | 03/11/2020

CFI 2.0 streamlines the cyber resilience assessment process, incorporates international practices on incident response and recovery, and facilitates the development of the local talent pool.

Payments & Settlements

Hong Kong, China Successfully Connect Trade Finance Platforms

By Manesh Samtani | 03/11/2020

Seven banks have already used the connection to conduct cross-border trade financing transactions, with the total trade value exceeding HK$26mn.

Cybersecurity

Fintech-related Regulatory Initiatives Accelerated by Covid-19

By Editors | 03/11/2020

Most regulators either accelerated or introduced new innovation initiatives in response to Covid-19. No such initiatives were cancelled, says a report from the World Bank and CCAF.

Credit Risk

The Case for an Alternative Credit Scoring Ecosystem in Hong Kong

By Manesh Samtani | 03/11/2020

A new whitepaper commission by the HKMA describes alternative credit scoring and how it works, and explains why it can help the banking industry and MSMEs.

Data Privacy

Australia Commences Wide-ranging Review of Privacy Law

By Editors | 03/11/2020

An issues paper released as part of the review seeks feedback on whether EU adequacy under GDPR is necessary or desirable, among other issues relevant to reform.

Cloud & Infrastructure

HKMA to Target Accelerated RegTech Adoption in 2021

By Manesh Samtani | 03/11/2020

The HKMA wants to see banks embracing and trialling new technologies and proofs of concept, and ultimately adopting more Regtech solutions, said central banker Arthur Yuen.