A third data gaps initiative has been proposed, to address data gaps relating to climate change, fintech and financial inclusion, among other things.
June 10, 2022DBS' Chee Kin Lam and HSBC's Jamil Ahmed discuss COSMIC’s development and how the platform will work to help combat financial crime.
May 20, 2022Personal data is being aggregated and exploited, without the resulting benefits being passed on to consumers and businesses generating the data.
May 6, 2022Information sharing will be allowed between FIs that do not have group relations, provided that the data sharing model is first reviewed and approved by the FSC.
May 3, 2022To enable US regulators to participate in domestic on-site inspections, CSRC chairman Yi Huiman said China may need to become a signatory to IOSCO's EMMoU.
April 13, 2022Non‑major Australian banks are being given an additional three months to commence sharing of joint account data.
April 5, 2022A draft work plan for the new Data Gaps Initiative, which seeks to improve the availability of data for policymaking, focuses on four topics including climate change.
March 1, 2022Under a new mechanism, consenting parties can submit personal credit score data to the JCIC, which will encrypt the data and securely share it with qualified P2P lenders.
February 4, 2022The platform is expected to help wealth management companies expand and enhance their product sales channels - especially the WMC units of smaller-scale banks.
January 27, 2022Data may be shared between FIs, subject to consent, if it can enhance customer convenience, improve operations, or facilitate cooperative business arrangements or partnerships.
January 3, 2022