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Conduct, Culture & Accountability
Korea FSS to Facilitate ‘Responsible’ Innovation by Foreign Firms
By Editors | 08/04/2019
FSS governor Yoon Suk Heun urged foreign financial firms to bring in “a new wave” of financial inclusion and responsible innovation to spur sustainable growth in Korea’s financial industry.
Data Privacy
ACCC Publishes Draft Rules for Open Banking Data Sharing
By Editors | 08/04/2019
The draft rules provide detail and guidance as to how the Consumer Data Right will work in the banking sector starting in July this year.
Structural Regulation
S. Korean May Allow Fintechs to Enter Brokerage Business
By Editors | 05/04/2019
The biggest barrier to entry for fintech firms will be the capital regulations imposed on existing brokerage firms.
Clearing & Post-Trade
Talking Disintermediation by DLT with DTCC’s Rob Palatnick
By Manesh Samtani | 04/04/2019
Regulation Asia sat down with DTCC’s Rob Palatnick to discuss his views on how far DLT will go in disintermediating the financial industry.
Cloud & Infrastructure
APRA to Implement New Data Reporting System in March 2020
By Editors | 03/04/2019
APRA says in its initial implementation plan that entities must start ensuring their readiness for the new system now, as there is only a one year timeline for implementation.
Anti-Money Laundering
Artificial Intelligence – the Ultimate Weapon to Fight Financial Crime
By Karl Seagrave | 03/04/2019
Getting buy-in from senior management is one of the biggest hurdles to adopting AI in the fight against financial crime, says Fenergo’s Karl Seagrave.
Cloud & Infrastructure
S. Korea Launches Regulatory Sandbox, 105 Applications Received
By Editors | 01/04/2019
South Korea’s Special Act on Financial Innovation Support has taken effect 1 April, marking the formal launch of the country’s first financial regulatory sandbox.
Payments & Settlements
SEBI Updates Disaster Recovery Guidelines for Market Infrastructures
By Editors | 01/04/2019
Stock exchanges, depositories and clearing corporations must have in place business continuity plans and disaster recovery policies that ensure ‘zero data loss’
KYC & CDD
Philippines to Launch Digital Banking ID Registry This Year
By Editors | 31/03/2019
The blockchain powered ID registry will enable electronic KYC and make it easier for clients to access banking services.
Structural Regulation
Malaysia Seeks Licensing Regime for Virtual Banks by Year-End
By Editors | 29/03/2019
Though discussions are still in the preliminary stages, Malaysia’s central bank is looking to publish its requirements for virtual bank licences by the end of the year.
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