Market Infrastructure

Fintech / Regtech

SEBI Directs Market Infrastructures to Disclose AI, ML Use

By Editors | 05/02/2019

Stock exchanges, clearing corporations, depositories required to disclose their use of artificial intelligence and machine learning starting from the current quarter.

Crypto / Digital Assets

Thailand Unveils Three-year Capital Market Development Plan

By Editors | 05/02/2019

The SET’s plan is aimed at broadening its investor base, scaling up digital transformation, widening access to mutual funds and streamlining regulatory processes.

Market Infrastructure

ISDA, FIA, IIF Respond to FSB Paper on CCP Resolution

By Garima Chitkara | 04/02/2019

The FSB in November consulted on the financial resources CCPs should have for resolution planning and how CCP capital should be treated in the event of resolution.

AML / KYC

UPDATED – Bangladesh Bank Files New York Lawsuit over Cyber Heist

By Editors | 04/02/2019

Bangladesh Bank has filed a $66mn lawsuit against Philippines-based RCBC and others over the 2016 bank heist, where hackers stole $101mn from its account with the New York Fed.

Enforcement

PBOC Sets Up New Bureau to Oversee Financial Regulation

By Editors | 04/02/2019

China’s central bank has set up a new macro-prudential management bureau to monitor financial systemic risks, draft rules and advise on currency issues.

Market Infrastructure

Asia Region Funds Passport Goes Live

By Editors | 03/02/2019

Japan, Thailand, Australia ready to receive applications from prospective ARFP funds; New Zealand, S. Korea making progress on legal and regulatory requirements.

Fintech / Regtech

SWIFT to Test New Gateway Enabling gpi for E-commerce

By Editors | 01/02/2019

The proof-of-concept will enable gpi payment initiation, end-to-end payment tracking, payer authentication and credit confirmation for on trade platforms.

Market Infrastructure

Insurance a Critical Part of Cyber Risk Response – MAS

By Manesh Samtani | 01/02/2019

Only 6% of global cyber insurance premiums come from APAC, said MAS division head Elean Chin at the launch of a new report which reveals the inadequacy of cyber risk preparedness.

Market Infrastructure

MAS Extends Deadline to Implement E-payments User Protection Guidelines

By Editors | 01/02/2019

The MAS is allowing an extra six months for compliance with its e-payments user protection guidelines, following requests from banks for more time to implement system changes.