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Enforcement
RBI Lifts Business Restrictions on Kotak Mahindra Bank
By Nithya Subramanian | 18/02/2025
The RBI said it is satisfied with the remedial measures Kotak Mahindra Bank has taken to address IT risk management deficiencies.
Crypto / Digital Assets
Thai Government Plans Launch of First Tokenised Bonds
By Mark Johnston | 18/02/2025
The pilot issuance will allow retail investors to participate in trading tokenised government bonds through securities firms.
Crypto / Digital Assets
Regulators Should Recognise Unique Characteristics of Stablecoins
By Thisanka Siripala | 18/02/2025
King’s College London paper says regulatory frameworks should recognise stablecoins as bearer instruments that operate outside traditional payment systems
Fintech / Regtech
BIS Releases Details of Planned Cross-border Payments PoC
By Manesh Samtani | 17/02/2025
Project Rialto will link instant payment systems to a transnational network with an automated FX conversion layer for settlement in central bank money.
Crypto / Digital Assets
SFC Mulls Rule Changes to Boost Virtual Asset Sector
By Manesh Samtani | 17/02/2025
The SFC is considering relaxing certain rules to improve liquidity in Hong Kong’s virtual asset market and enhance the city’s position as a digital asset hub.
Market Infrastructure
Hong Kong’s First Critical Infrastructure Cybersecurity Law is Becoming Reality
By Albert Yuen | 17/02/2025
Albert Yuen and Eunice Lee at Linklaters discuss the proposed new Cyber CI Bill and its implications for critical infrastructure operators.
Crypto / Digital Assets
FMA Offers Regulatory Clarity for E-Money and Payments Firms
By Sanday Chongo Kabange | 14/02/2025
The FMA said there is “no specific licence” for e-money institutions or payments service providers in New Zealand but a range of regulatory obligations still apply.
Fintech / Regtech
NZ Inland Revenue Department Consults on Open Banking
By Sanday Chongo Kabange | 13/02/2025
New Zealand’s Inland Revenue Department is seeking information on open banking to develop a roadmap for potential use and adoption.
Fintech / Regtech
Singapore Unveils New Initiatives to Enhance AI Governance, Safety
By Nithya Subramanian | 13/02/2025
Initiatives include establishing technical testing best practices for GenAI applications, collaborating with Japan on LLMs, and enhancing AI safety evaluations.
AML / KYC
ABS Launches Automated Bill of Lading Verification for Banks
By Nithya Subramanian | 13/02/2025
The tool, developed through a collaboration between the ABS Trade Finance Registry and SGTraDex, will help banks better tackle trade finance fraud.
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