AI, Technology & Data

Cloud & Infrastructure

Data Driven Regulatory Regimes Challenge Bank Workflows – Report

By Manesh Samtani | 12/06/2018

Wolters Kluwer research says legacy systems no longer fit for purpose; most firms plan to integrate data in regulatory workflows despite low confidence in data quality.

Payments & Settlements

Singapore, India Establish Joint Working Group on FinTech

By Karen Chiu | 06/06/2018

Joint working group to foster closer fintech cooperation, including through real-time cross border fund transfers and links between payment system operators.

Trading & Investment

Taiwan to Launch Crude Oil Futures in July

By Manesh Samtani | 05/06/2018

Taiwan Futures Exchange chairman says crude oil futures will allow domestic investors to trade without adverse currency fluctuations; also exploring the application of fintech and other technologies for clearing services.

Conduct, Culture & Accountability

New Zealand Publishes Revised Code of Banking Practice

By JP Reimann | 04/06/2018

New code promises fair treatment, clear communication, customer privacy, responsible lending, effective complaints handling.

Structural Regulation

The Ties That Bind: Market Connectivity Continues to Increase Despite Opposing Rhetoric

By Larry Thompson | 30/05/2018

Whether it is geopolitical tensions in North Asia, the UK’s exit from the European Union or new U.S. trade policies, globalisation would appear to many to be in retreat in many regions of the world — but this is not the case in financial markets.

Data Privacy

Regulators to the Rescue: MAS and the Drive to Ease the Data Reporting Burden

By Swati Kothari | 30/05/2018

MAS has unveiled its roadmap for the transformation of the collection of data from financial institutions. And while there may be clear benefits, providing all data in machine readable format by MAS’ planned deadline will be challenging.

Emerging Prudential Risks

PBOC Launches Financial Statistics Inspections at Banks, NBFIs

By JP Reimann | 30/05/2018

Six-month central bank inspections to focus on quality of financial information as part of plan to unify statistical management operational mechanisms.

Data Privacy

China’s First Private Credit Scoring Firm Starts Operation

By Karen Chiu | 25/05/2018

Baihang Credit Scoring has become the first private credit-scoring firm in China, licensed by PBOC and backed by NIFA as well as 8 credit firms including Tencent Credit and Alibaba’s Sesame Credit.

Data Privacy

MAS Issues Revised Data Submission Rules for FIs

By JP Reimann | 23/05/2018

Revised requirements including increased granularity and rationalisation of data in submissions; set to take effect on 1 October 2020.