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In brief Singapore and the United Kingdom have signed a new Memorandum of Cooperation (MoC) to enhance the safety and reliability of artificial intelligence (AI) technologies in its development and use. This agreement aims to pave the way for greater public trust in AI advancements. The MoC was signed by Minister for Digital Development and […]

In brief On 6 November 2024, the Monetary Authority of Singapore (MAS) published its responses to the feedback on the July 2023 consultation paper that set out a proposed regulatory framework for Single Family Offices (SFOs) operating in Singapore. SFOs are exempt from licensing under the Securities and Futures Act 2001 (SFA), and the proposals are aimed at harmonizing

The recognition means Swiss FIs can receive clearing services from KRX, which has previously been recognized by the CFTC and ESMA. To continue reading… Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on financial regulation.

In brief The Ministry of Home Affairs (MHA) introduced the Protection from Scams Bill for First Reading in Parliament on 11 November 2024. The Bill empowers the Police to issue Restriction Orders (ROs) to banks to restrict an individual’s banking transactions, if there is reasonable belief that the individual will make money transfers to scammers.

The guidelines emphasise the importance of counterparty due diligence, good governance and reliable data management. To continue reading… Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on financial regulation. Select More Information below to view

2024 marked a pivotal year for technological advancements, with Artificial Intelligence (AI) driving innovation, streamlining operations, and enabling data-driven decisions across industries. In Malaysia, Budget 2025 allocated RM10 million to the National AI Office (NAIO) and US$11.2 million (RM50 million) to AI education in research universities. Digital minister Gobind Singh Deo highlighted that these measures

AllianzGI is the first foreign firm to own a stake in Guomin Pension, which was launched in 2022 by large Chinese FIs to promote the private pension market. To continue reading… Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis,

Led MDEC from 2021 to 2024 Tasked to strengthen Malaysia as a pivotal digital infrastructure hub in SEA Mahadhir Aziz (pic), the former CEO of Malaysia Digital Economy Corporation (MDEC), has been appointed the vice president general manager for Malaysia at Bridge Data Centres (BDC), a leading provider of hyperscale data centre solutions in Asia.

AUSTRAC has now delivered TAIPAN to ten FIUs across the Pacific, enabling them to identify suspicious financial patterns indicative of illicit activity. To continue reading… Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on financial

10% of IRS transactions and FRN issuance by FIs in 2025 will be KOFR-based. Central clearing of KOFR-based swaps will also start in 2025. To continue reading… Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data