All posts tagged "licensing"
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57Asia-PacificBSP Expects New Digital Banks to Launch in H2 2021
The BSP has received four applications for digital bank licences, including two from thrift banks that wish to convert their existing licences.
May 6, 2021 -
178ChinaChina Regulators Order Tech Firms to Rectify Violations
Thirteen tech firms including Tencent, ByteDance and Baidu’s fintech arm are directed to correct regulatory violations in their financial services businesses.
May 2, 2021 -
98Asia-PacificBSP May Raise Cap on Digital Banking Licences
Under the digital banking framework approved by the BSP in November, the number of digital bank licences is capped at five.
April 26, 2021 -
190EuropePrivacy Cited as Top Concern for a European CBDC
ECB survey respondents cited privacy as the top priority feature for a potential digital euro, followed by security and usability across the euro area.
April 16, 2021 -
189Asia-PacificOverseas Filipino Bank Obtains Digital Bank Licence
Overseas Filipino Bank, formed as a policy bank to provide services to overseas Filipinos, has been granted a digital banking licence.
April 9, 2021 -
245EnforcementMalaysia Regulators Investigate Investment Scam Syndicate
The SC has seized records and devices used by the syndicate as well as taken down servers and blocked websites used perpetrate the scams.
April 1, 2021 -
115Asia-PacificBSP Encourages Greater Development of Islamic Banking
The BSP is proactively approaching local and foreign lenders to ascertain whether they are interested in establishing Islamic banking units.
April 1, 2021 -
482AML / KYCMAS Offers New AML/CFT Guidance for VASPs
MAS has identified several VASPs that have not come forward for licensing despite operating in Singapore or soliciting business from Singapore residents.
March 29, 2021 -
661Contributed ArticleHK OTC Derivatives Licensing Regime Closer to Implementation
Amendments to Hong Kong’s OTC derivatives licensing regime have been introduced in LegCo. Scott Carnachan at Deacons discusses the changes.
March 25, 2021 -
162EnforcementSFC Fines GEO Securities for Breaching Licence Conditions
The firm also did not have effective controls in place for product due diligence, client risk tolerance assessment, and record-keeping.
March 25, 2021
