The BOK said it opposes the payment settlement system being used to oversee private transaction data, calling a revision bill proposed by the FSC a "Big Brother law".
February 26, 2021Sea Group's e-commerce arm Shopee plans to turn a newly acquired Indonesian bank into a digital bank. OJK is meanwhile preparing new regulations for digital banks.
February 23, 2021The FSC's 2021 policy agenda for the financial sector will include measures to bolster risk management while also strengthening competitiveness and facilitating digital innovation.
February 8, 2021The FSC has outlined the work it has planned this year to promote financial innovation and digital finance.
February 5, 2021The revisions introduce graded entry norms to encourage innovation and make it easier for firms to participate in the sandbox.
February 4, 2021The UK model provides lessons to help ensure Hong Kong's open banking ecosystem is able to realise its full potential, say Finastra's Eran Vitkon and Shweta Jain.
February 2, 2021The budget includes the establishment of a ‘bad bank’ to take over banks' bad assets and a plan to inject INR 200 billion into state lenders.
February 2, 2021Incoming Treasury Secretary Janet Yellen thanked Congress for passing the AMLA, widely considered to be the most significant overhaul of AML legislation in the US since 2001.
January 25, 2021The work programme includes initiatives to strengthen NBFI resilience, enhance cross border payments, and address climate change, among other priorities.
January 21, 2021The Guangdong Communications Administration ordered 30 firms including banks and securities firms to fix the breaches and revamp their mobile phone apps.
January 16, 2021