AI, Technology & Data

Conduct, Culture & Accountability

Fund Managers to Remain in Regulatory Spotlight in 2020: Moody’s

By Editors | 10/12/2019

Asset managers will remain in the regulatory spotlight as authorities actively work to reduce conflicts of interest in financial advice and elevate supervision of fund liquidity management.

Emerging Prudential Risks

BigTechs Could Raise Issues for Policymakers: FSB

By Manesh Samtani | 10/12/2019

BigTech firms could raise a range of issues for policymakers, warranting additional regulation and/or financial oversight over their activities, the FSB says in a new report.

Data Privacy

Data Privacy in Asia Pacific: A Fragmented Landscape

By Sarah Pearce | 10/12/2019

Asia’s data privacy frameworks remain highly fragmented. But companies cannot be complacent about more onerous laws in other jurisdictions, says Sarah Pearce at international law firm Paul Hastings.

AI Risk & Governance

Beijing to Pilot Fintech Regulatory Framework

By Editors | 09/12/2019

The pilot will allow the PBOC to explore regulatory tools that it can use as part of a nationwide supervisory framework for fintech.

Credit Risk

Australia Reintroduces Mandatory Comprehensive Credit Reporting Bill

By Editors | 09/12/2019

The revised Bill introduces a new category of credit reporting information, enabling hardship information to be reported alongside repayment history.

Data Privacy

China to Increase Oversight Over Banking & Finance Mobile Apps

By Editors | 06/12/2019

The National Internet Finance Association has launched a 23-firm pilot scheme to address concerns around risks to user privacy from financial institutions’ mobile apps.

Data Privacy

India’s Cabinet Approves Personal Data Protection Bill

By Editors | 06/12/2019

Under the bill, major violations of data privacy norms can be penalised with jail terms, or monetary fines up to 150 million rupees or 4% of a company’s worldwide turnover, whichever is higher.

KYC & CDD

Sri Lanka to Develop Shared KYC Facility Using Blockchain

By Editors | 06/12/2019

The CBSL is inviting software development companies to apply (by 31 December) to help in the development of a proof-of-concept of a shared KYC facility.

Data Privacy

Korea Announces New Measures to Boost Fintech Development

By Editors | 05/12/2019

Among other measures, the FSC said that it would promote the use of regulatory sandboxes to produce at least 100 cases of innovative financial services by March 2020.