AI, Technology & Data

Operational Risk

Philippines to Implement New Credit Card Law

By Garima Chitkara | 07/05/2018

New law aims to increase competition by allowing non-bank entities to enter credit card business; includes greater safeguards for borrowers related to calculation of charges, unfair collection practices, and the use of customer data.

Cryptocurrency

Regulation in the Age of Cryptocurrencies

By Will Hallatt | 02/05/2018

Blockchain technology is ushering in a new epoch of monetary oversight, creating opportunities and challenges for regulators in a world disrupted by the advent of cryptocurrencies.

Cloud & Infrastructure

Singapore, Vietnam Sign Fintech, Banking Supervision Agreement

By JP Reimann | 26/04/2018

The central banks have agreed on a partnership to encourage fintech innovation and strengthen banking supervision.

Cybersecurity

SEBI Proposes Biometric Authentication for Mobile App Stock Trading

By Garima Chitkara | 26/04/2018

Indian securities regulator is consulting the industry on potential guidelines for finger print and iris-scan authentication for stock trading through mobile apps, in a bid to protect the capital markets against cyberattacks.

Payments & Settlements

Ant Financial – A Disruptive Force for Regulators

By Peter Guy | 22/04/2018

Blurring the regulatory distinction between banking and financial technology creates both opportunity and pitfalls.

Cybersecurity

APAC Firms Failing at Cyber Breach Detection – Report

By Manesh Samtani | 22/04/2018

Asia Pacific firms take over 16 months to detect breaches, compared to over three months globally; over 35 months if breaches detected by external parties.

Market Abuse

HKEX Fights Market Abuse with AI, Machine Learning Tech

By JP Reimann | 19/04/2018

NASDAQ technology aims to better safeguard market integrity, detect unusual trading and market abuse, and provide immediate review of group activity involving coordinated trades.

Cybersecurity

Philippines Targets Retail Finance Digitalisation

By Garima Chitkara | 19/04/2018

BSP governor laid out the central bank’s regulatory priorities in fintech and regtech while revealing regulation around AML/KYC requirements and mitigating the risks surrounding data security.

Emerging Prudential Risks

APRA’s Economic and Financial Statistics Reform: A User’s Guide to Readiness

By Douglas Cheung | 19/04/2018

APRA may have delayed planned reforms to the Economic and Financial Statistics reported by banks, but banks can’t afford to be complacent, says Douglas Cheung, examining how banks should best prepare for the reforms.