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Cloud & Infrastructure
APRA Warns Banks of Cloud Computing Risks
By Editors | 08/07/2015
The Australian Prudential Regulation Authority has highlighted new risks being created as the banking industry makes greater use of cloud computing to cut costs and compete with technology-based rivals.
Structural Regulation
New Outsourcing Policy Planned for India’s Key Market Entities
By Editors | 06/07/2015
SEBI will soon issue a new set of guidelines to govern outsourcing by stock exchanges and other key entities.
Data Privacy
RBI to Allow New Type of ‘Account Aggregator’ NBFC
By Editors | 06/07/2015
The Reserve Bank of India said it will allow a new type of non-banking financial company which can act as an account aggregator to enable customers to see all accounts across multiple financial institutions in a common format.
Cloud & Infrastructure
Singapore Allows Banks to Test Fintech Innovation Without Seeking Approval
By Editors | 02/07/2015
The Monetary Authority of Singapore said financial institutions are free to test certain digital innovations without the approval of the regulator, while announcing other initiatives aimed at boosting the fintech sector.
Payments & Settlements
MAS Reprimands SGX for Market Outages
By Editors | 25/06/2015
The Monetary Authority of Singapore has reprimanded the Singapore Exchange for lapses related to market outages and is directing it to improve recovery capabilities and processes.
Structural Regulation
S. Korea to Revise Bank Law to Encourage Internet-Only Banks
By Editors | 24/06/2015
South Korea’s Financial Services Commission (FSC) said it will revise the Bank Law to encouraging ownership of Internet-only banks by non-financial companies.
Data Privacy
China Seeking Access to Foreign Technology Providers Source Code
By Editors | 11/06/2015
Beijing is working on a new series of rules that would require foreign technology firms to give up their source code in exchange for Chinese business.
KYC & CDD
S. Korea FSC Eases Bank Account Opening Process
By Editors | 19/05/2015
Customers opening new bank accounts will no longer be required to visit bank offices in person
Anti-Money Laundering
FATCA in Full Force
By Peter Guy | 19/05/2015
For the first time in history, the US Government wields an international array of law enforcement tools specially designed to pursue tax evasion. But, what are the repercussions?
Anti-Money Laundering
Regulatory Advisory Firm Bovill Names New Head for Asia
By Editors | 11/05/2015
Specialist financial services regulatory consultancy Bovill said it named Eddie Lim as new head of Bovill Asia.
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