RBI panel recommends new regulatory framework for cooperative banks
A Reserve Bank of India (RBI) panel has proposed a new four-tier structure for regulating and improving urban cooperative banks (UCBs).
US teams with Singapore to tackle cybersecurity, sustainable finance challenges
The US and Singaporean governments have entered into a new cooperation agreement to partner in the key areas of cybersecurity, the economy and the climate.
Indonesian financial authority unveils digital banking regulatory framework
Indonesia’s Financial Services Authority (OJK) has introduced a regulatory framework for digital banks in its updated commercial banking regulations.
Hong Kong’s SFC introduces climate risk requirements for fund managers
Hong Kong’s Securities and Futures Commission (SFC) will require fund managers to take climate-related risks into consideration in their future investment and risk management processes.
OECD offers policy recommendations for AI regulation in financial services
The Organisation for Economic Co-operation and Development (OECD) has published a new report offering policy advice on the regulation of AI in financial services.
Fenergo acquired by European private equity firms in $600m deal
Irish RegTech firm Fenergo has been successfully acquired by private equity firms Astrong and Bridgepoint in a $600m agreement.
SEBI looks to ease regulatory compliance burden with debt securities merger
The Securities and Exchange Board of India (SEBI) has merged its rules for debt securities into a single regulation to ease the regulatory compliance burden on organisations.
Japanese Financial Services Agency steps up plans to establish new ESG framework
The Japanese Financial Services Agency (FSA) has revealed it is planning to develop a new framework for the certification of ESG-related products.
BIS paper outlines Big Tech regulation challenges in financial services
The Bank for International Settlements (BIS) has published a paper underlining the challenges caused by rapid Big Tech growth in the financial services sector.
MAS reveals plans to launch new banking data-sharing platform
The Monetary Authority of Singapore (MAS) has revealed it has been working with legal and industry partners to develop a platform to help banks securely share information.
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