AI, Technology & Data

AI Risk & Governance

MAS Issues Guidance on Responsible Use of AI, Data Analytics

By Manesh Samtani | 13/11/2018

MAS managing director Ravi Menon announced the release of the Fairness, Ethics, Accountability & Transparency, or FEAT, Principles at the Singapore Fintech Festival.

Structural Regulation

Asia Region Funds Passport: What You Need to Know

By Leo Chen | 12/11/2018

Technology will be critical to address inconsistencies in processes, practices and standards across ARFP-participating jurisdictions, says Calastone’s Leo Chen.

Clearing & Post-Trade

DTCC Enters Test Phase on DLT Project for Credit Derivatives

By Manesh Samtani | 08/11/2018

The initiative to re-platform DTCC’s Trade Information Warehouse will “revolutionise the derivative industry’s credit market infrastructure”, says DTCC’s Chris Childs.

Fraud, Scams & Cybercrime

Thailand to Combat Tax Evasion with Blockchain, Machine Learning

By Editors | 07/11/2018

Thailand will use blockchain and machine learning to crack down on tax evasion, according to director-general of the tax department, Ekniti Nitithanprapas.

Cybersecurity

APRA Finalises Standards on Information Security Management

By Editors | 07/11/2018

The prudential standard is aimed at boosting the resilience of APRA-regulated entities and ensuring their ability to respond to breaches swiftly and effectively.

Data Privacy

GDPR and Hong Kong’s PDPO: Are They So Different?

By Peter Lancos | 06/11/2018

Hong Kong’s data privacy ordinance is conceptually similar to GDPR, but perhaps with ‘smaller teeth’, say Peter Lancos and Jennifer Boyse at Exate Technology.

Cryptocurrency

Malaysia Budget 2019 Targets Tech in Capital Market Measures

By Editors | 05/11/2018

Measures include new regulatory framework for cryptocurrencies, and a new fund to be invested via ECF and P2P platforms alongside private investors, among others.

Data Privacy

Singapore Leads Asia Pacific in Open Banking Readiness

By Manesh Samtani | 01/11/2018

In APAC, Singapore is the most prepared for open banking, followed by Australia and Hong Kong, according to Finastra’s ‘Open Banking Readiness Index’.

Capital Adequacy

Changes to Address Bad Behaviour at Banks Will Improve Resilience – RBA

By Manesh Samtani | 30/10/2018

Australian banks are more resilient following post-GFC reforms. But changes to address culture and conduct issues will increase resilience further, says RBA asst governor Michele Bullock.