TechSprint: Consultation on the Potential for New Technologies to Address Challenges in Regulatory Compliance and Supervision (RegTech/SupTech)
The Saudi G20 Presidency, in collaboration with the Singapore Centre of the BIS Innovation Hub (BISIH Singapore Centre) and with the support of the Monetary Authority of Singapore, is launching the TechSprint Initiative. The purpose of TechSprint is to highlight the important work that private firms and national authorities are doing to deploy new technologies…
Read MoreVision and Mission Statement
A testament to our software’s design, functionality and compliance methodology, is the fact our system is used by a G20 Central Bank (Regulator) to manage the compliance of its country’s 800 + banks. An official Testimony from the G20 Central Bank states our software “has improved the quality of compliance in the industry”. This has…
Read MoreFintech and RegTech, disruption or more of the same?
U.S. banking regulator not ready for fintech charter applications
NEW YORK (Reuters) – The U.S. banking regulator, the Acting Comptroller of the Currency, said on Wednesday that he is not ready to accept applications from financial technology companies seeking a special purpose federal charter.
Read MoreAustralia mandates OTC clearing to ensure substituted compliance
The recent about-turn by Australian regulators from relying purely on market-based incentives for central clearing to mandating the clearing of certain non-Australian dollar interest rate swaps is to ensure…
Read MoreSEC report reveals failings at top three rating agencies
The US Securities and Exchange Commission (SEC) has identified “apparent failures” harking back to the peak of the financial crisis at all three of the largest US credit rating agencies (CRAs), according to a report released on September 30.
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