Banks should also increase investment in inclusive fintech including big data, cloud computing and blockchain to improve loan efficiency, the PBOC said.
July 13, 2021Under the agreement, the SFC and eight Canadian securities regulators will cooperate on information sharing and referrals between their innovation functions.
July 12, 2021Financial firms offering services using AI technologies will be required to have controls in place that ensure fairness to prevent consumer discrimination.
July 11, 2021Strengthening financial institutions’ resilience has never been more important, say Gabriele Vigo and Olivia White at McKinsey.
July 11, 2021Officials agree to explore cross-border financial regulation, carbon market trading linkages, and collaboration opportunities via their BIS Innovation Hub centres.
July 1, 2021The extensions will help Singaporeans continue to acquire in-demand skills and encourage FIs and fintechs to retain and upgrade staff capabilities.
June 28, 2021The FSDC recommends the development of legislation to provide legal certainty and protection, clarity on cross-border data transfers, and a framework for accountability.
June 16, 2021The law states that Hainan will implement a "minimalist" investment approval system and create an "open, transparent, and predictable investment environment".
June 16, 2021Shenzhen's five-year plan calls for the establishment of foreign-controlled securities firms, investment funds, futures companies and insurers in the city.
June 14, 2021The partnership will bring together MAS’ policy development perspectives and Mojaloop’s digital payments capability to advance financial inclusion.
May 27, 2021