AI, Technology & Data

Conduct, Culture & Accountability

Merrill Lynch Units’ $1.9mn Fine Could Have Been Much Larger – HK SFC

By Samuel Riding | 27/03/2017

One unit advised on futures contracts for more than 10 years without the required license.

KYC & CDD

India, Singapore, Guangdong Join Shift to ID Card-based KYC

By Samuel Riding | 24/03/2017

Financial institutions could soon be able to access government-held information including biometric data.

Emerging Prudential Risks

Updated – MAS Raises Spectre of Algo ‘Contagion’

By Samuel Riding | 21/03/2017

Singapore regulator using clustering, network analysis; to set up supervisory technology unit.

Cloud & Infrastructure

MAS Enters Japan Fintech Partnership

By Samuel Riding | 15/03/2017

Japan recently forged fintech link with UK; regulatory agreements over past 12 month belie talk of ‘economic nationalism’.

Operational Risk

Risk Management Costs Are Out of Control

By Peter Guy | 13/03/2017

Law firms and banks must devise new advisory models to reduce costs, improve compliance.

Cloud & Infrastructure

Updated – Japan, UK Regulators Agree Fintech Referrals

By Samuel Riding | 10/03/2017

JFSA also eyes cross-border rule making on blockchain.

Cybersecurity

India Launches Payment Cybersecurity, KYC Consultation

By Samuel Riding | 10/03/2017

Electronic pre-paid payment instrument issuers required to establish information security, privacy policy.

Cloud & Infrastructure

S.Korea to Provide $2.6bn in Fintech Funding

By Samuel Riding | 09/03/2017

Funds will be offered over next three years to close gap with industries in Japan, US and UK.

Cloud & Infrastructure

Singapore, Abu Dhabi Sign Fintech Regulation Agreement

By Samuel Riding | 09/03/2017

Jurisdictions establish strategic framework for assisting start-up applications, authorisation.