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Capital / Liquidity
Korean Regulators Approves K Bank Recapitalisation Plan
By Editors | 23/07/2020
K Bank’s recapitalisation plan was halted last April, forcing Korea’s first internet-only bank to stop offering loan products. It is now looking to regain ground lost to Kakao Bank.
AML / KYC
BNM Issues Draft Rules on Merchant Acquiring Services
By Editors | 22/07/2020
The exposure draft sets out regulatory requirements for merchant acquiring services to ensure proper risk management amid rapid changes in the e-payments landscape.
Fintech / Regtech
FSC Korea Targets Fair Competition, Data Safeguards for Financial Sector
By Editors | 22/07/2020
FSC chairman Eun Sung-soo is eyeing regulatory reforms to ensure fair competition, data security, and consumer protection as bigtechs enter financial services.
AML / KYC
MAS Seeks Expanded Powers to Address Financial Sector Risks
By Manesh Samtani | 21/07/2020
MAS proposes to expand its powers to issue prohibition orders, regulate virtual asset service providers, and impose technology risk management requirements on firms.
Fintech / Regtech
FSC Korea Revises Guidelines for P2P Lending Firms
By Editors | 20/07/2020
The key changes will strengthen disclosure rules, prohibit unfair sales activities, restrict sales of high-risk investment products, and impose limits on loans and investments.
Capital / Liquidity
Beyond FRTB: Risk Management and Enterprise Data Opportunities
By Editors | 20/07/2020
FRTB is a significant global industry challenge, but the process to achieve its outcomes can harness value from data that can be applied throughout a bank’s operations.
Fintech / Regtech
BOT Enters Third Phase of CBDC Development
By Editors | 19/07/2020
The BOT is planning to expand CBDC use among large businesses and, in September, to transactions with the HKMA.
Fintech / Regtech
FSC Korea Kicks Off Working Group on Artificial Intelligence
By Editors | 16/07/2020
The working group will seek to promote the use of artificial intelligence in financial services as part of the government’s ‘New Deal’ policy initiative.
AML / KYC
OCBC Enables Banking Access Via SingPass Digital Identity
By Editors | 16/07/2020
OCBC’s Aditya Gupta says the use of SingPass as an alternate login for mobile and online banking will give more customers the confidence to bank digitally.
AML / KYC
APAC Regulators Driving Digital Transformation
By Rachel Woolley | 16/07/2020
The pandemic has made it abundantly clear that digital transformation is no longer optional, says Fenergo’s Rachel Woolley.
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