All posts tagged "BigTech"
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288FeatureFSC Korea Launches New Committee to Lead Reform Efforts
The committee is expected to ease rules for banks on investments in non-financial businesses, improve ESG disclosure rules, overhaul capital markets infrastructures.
July 21, 2022 -
525ChinaChina Tightens Anti-Monopoly Rules to Improve Oversight
The amendments seek to encourage innovation while also protecting fair competition in the market, incuding by raising penalties for monopolistic behaviour.
June 28, 2022 -
543Big PictureQR Code Payments Promote Credit Access for SMEs: BIS
QR payments allow the creation of a digital payment footprint that enables small firms to access credit from both big tech firms as well as banks.
May 10, 2022 -
545Fintech / RegtechKorea FSS Commences Inspections of Internet-only Banks
The FSS is set to conduct 779 regular or occasional inspections on financial firms throughout this year.
April 7, 2022 -
728Big PictureBIS Paper Offers Guidance on Regulating Tech Firms
The paper offers guidance for prudential authorities in deciding whether to allow tech firms to enter into banking, and what requirements to impose on them.
January 27, 2022 -
1.0KFintech / RegtechFSC Korea Reiterates Plans to Regulate Bigtech in Financial Services
The FSC will apply “same rules for same services” to ensure fair competition between bigtech firms and financial institutions.
January 18, 2022 -
794Big Picture
Policy Reforms Needed for Platform-based Financial Services: BIS
A BIS paper says platform-based business models can lower costs and aid financial inclusion, but they can also give rise to digital monopolies and oligopolies.
January 14, 2022 -
810Feature
S. Korean Financial Sector Launches MyData Services Pilot
17 FIs and fintechs are piloting the API-based MyData service starting today (1 December), ahead of a full launch on 1 January.
December 1, 2021 -
474ChinaPBOC Vows to Fill Gaps in FinTech Regulation
Governor Yi Gang says the PBOC will continue to strengthen its supervision of fintech companies, while also improving policy transparency and predictability.
October 15, 2021 -
380Fintech / RegtechS. Korea to Tighten Rules for Bigtechs in Financial Services
FSS governor Jeong Eun-bo said regulators will seek to enable fair competition between digital platform providers and financial companies.
October 11, 2021
