Emerging Prudential Risks

APRA to Align Prudential Standards with IAIS ComFrame

13/10/2020

APRA has designated QBE Insurance Group as an internationally active insurance group, which will promote coordination with other international supervisors.

Cloud & Infrastructure

FSB Calls on Authorities to Regulate BigTech in Financial Services

12/10/2020

Where financial services activities are undertaken by new types of actors, such as BigTech firms, the principle of ‘same risk-same regulation’ should apply, the report says.

Liquidity Risk

MAS Extends Liquidity Facility for FIs to Support SME Lending

12/10/2020

Enterprise Singapore has likewise extended its Temporary Bridging Loan Programme and its trade loan financing scheme, and enhanced its project loan financing scheme.

Anti-Money Laundering

RegTech Asia 2020: The Evolution of Typologies

12/10/2020

How have financial crime typologies been evolving in recent years, and how are they being used by financial institutions to combat crime?

CBDCs

BOJ to Commence CBDC Testing as Early as April 2021

12/10/2020

A proof of concept will take place over two phases, followed by a possible pilot programme involving private payment service providers and end-users.

Anti-Money Laundering

RegTech Asia 2020: The Future of AML & Fraud Case Management

11/10/2020

How can current practices in AML and fraud case management and investigations be enhanced with technology and data for better, faster outcomes?

Payments & Settlements

SWIFT Completes Another gpi Pilot with UK Faster Payments

11/10/2020

Over the past two years, SWIFT has run successful proof of concepts with payment infrastructures in Singapore, Australia and Europe.

AI Risk & Governance

SupTech Increasingly a Strategic Priority for Authorities: FSB

11/10/2020

The majority of authorities surveyed by the FSB had a SupTech, innovation or data strategy in place. SupTech is most commonly used in regulatory reporting and data management.

PEPs & Sanctions

US Imposes Sanctions Against 18 Iranian Banks

11/10/2020

FIs transacting with the sanctioned banks after a 45-day wind-down period may expose themselves to secondary sanctions or be subject to an enforcement action, Treasury said.