China bolsters regulatory oversight with new data security law
China’s National People’s Congress (NPC) has passed its first data security law aimed at strengthening the government’s hand over the data produced and stored in the country.
RegTech Castlepoint looks toward global expansion following $3m Series A
Australian compliance software specialist Castlepoint Systems has completed a $3m Series A funding round led by Main Sequence.
HKMA launches strategy for bolstering Hong Kong FinTech market
The Hong Kong Monetary Authority (HKMA) has unveiled a new strategy for driving FinTech development in Hong Kong.
El Salvador becomes first country to make Bitcoin a legal currency
The government of El Salvador has passed a bill that will see Bitcoin join the US dollar as legal tender in the country.
EBA finalises EEA bank supervisory reporting cost study
The European Banking Authority (EBA) has completed its study of the cost of compliance of European Economic Area (EEA) banks with the supervisory reporting requirements.
Bank of England initiates climate stress tests to explore risks
The Bank of England (BofE) has kicked off its Climate Biennial Exploratory Scenario (CBES) to scrutinise the risks that could be incurred from climate change.
ESMA publishes framework for fourth central counterparty stress test
The European Securities and Markets Authority (ESMA) has announced the framework for the fourth version of its Stress Test for Central Counterparties (CCPs).
Bank of England paper provides stablecoin regulatory stance
A Bank of England (BofE) paper has highlighted that stablecoins used as money should be expected to face the same regulatory standards as those attached to bank deposits.
Bank identity checks could push close to a quarter to competitors, survey finds
A survey by FICO has found almost a quarter of UK-based respondents would move to a competitor if asked to visit branches or post documents when applying for an account.
Austreme secures patent for card testing fraud detection technology
Hong Kong-based forensic RegTech company Austreme has received approval for a patent for its e-commerce card testing fraud detection system.
