The guidelines aim to promote the adoption of robust practices for managing technology risks in the financial sector.
On 18 January 2021, the Monetary Authority of Singapore (the MAS) issued revised guidelines (the...more
Regulators consult on an investor identification regime and outsourcing requirements, and issue guidance on electronic storage of regulatory records and environmental risk management -
This blog post summarises key...more
Regulators propose new regulations for virtual asset exchanges and enhanced customer identity verification requirements, and launch an innovative commercial data interchange.
This blog post summarises key regulatory...more
12/9/2020
/ Anti-Money Laundering ,
Consultation ,
Data-Sharing ,
Financial Institutions ,
FinTech ,
Hong Kong ,
Hong Kong Monetary Authority (HKMA) ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Regulatory Standards ,
Singapore ,
Trading Platforms ,
Verification Requirements ,
Virtual Currency
A collaborative project led by the Global Blockchain Business Council represents an unprecedented effort to analyze the technical and regulatory blockchain landscape.
On October 14, 2020, the Global Blockchain Business...more
Regulators consult on anti-money laundering guidelines and issue guidance on cybersecurity, best execution, and senior management accountability.
This blog post summarizes key regulatory developments in Hong Kong and...more
10/14/2020
/ AML/CFT ,
Anti-Money Laundering ,
Anti-Terrorism Financing ,
Best Execution ,
Compliance ,
Cybersecurity ,
Financial Institutions ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Regulatory Oversight ,
Regulatory Requirements ,
Senior Managers ,
Singapore
The guidelines aim to strengthen the accountability of senior managers in financial institutions.
On 10 September 2020, the Monetary Authority of Singapore (the MAS) issued guidelines (the Guidelines) to strengthen the...more
MAS confirms regulatory approach for best execution and timeline for compliance.
On 3 September 2020, the Monetary Authority of Singapore (the MAS) issued a response to feedback about its proposal for holders of a capital...more
Regulators are consulting on how to enhance trust business regulation, introduce new omnibus legislation, and encourage best practices in sustainable banking.
This blog post summarises key regulatory developments in Hong...more
Regulators seek to expand market connectivity for wealth management products and enhance financial institutions’ environmental risk management.
This blog post summarises key regulatory developments in Hong Kong and...more
Regulators seek to address “rolling bad apples”, bank culture reform, and cryptocurrency derivatives.
This blog post summarises key regulatory developments that took place in Hong Kong and Singapore in May 2020, as...more
MAS confirms regulatory approach for derivative contracts on payment tokens.
On 15 May 2020, the Monetary Authority of Singapore (the MAS) issued its response to feedback about its proposed regulatory approach for...more
Economic aid legislation will likely result in increased scrutiny of certain industries, similar to investigations that followed relief efforts in the 2008 financial crisis.
Key Points:
..The CARES Act creates multiple...more
New legislation suspends contractual obligations for the next six months with related disputes subject to a separate dispute resolution system.
On 7 April 2020, the Singapore Parliament passed the COVID-19 (Temporary...more