04/02/2018
MAS and financial industry to develop guidance on responsible use of data analytics
The guide is targeted for completion by the end of the year. It will cover all segments of the financial sector including FinTech firms.
Legal,Regulation,Tax & Compliance
03/28/2018
Cyberattacks Now Priced Into Debt at Biggest Bank in Scandinavia
Nordea is designing corporate products to reflect cyber risks
03/28/2018
IFC Launches Digital Lab to Drive Nearshore Digital Transformation
The lab, staffed mostly with financial experts, will partner with IT consulting firm Accenture and persuade regional banks to harness cutting-edge financial technologies.
03/27/2018
Fund managers stick with Facebook but order change
That has hurt Facebook's legion of fund manager backers, who have been enthusiastic buyers of the shares after their flotation in 2012, since when they have risen by more than 300%.
03/27/2018
How Law Firms Can Prepare for FinTech Wave
The innovations and industry disruption should have law firms snapping to attention.
03/26/2018
Regulator planning to look under hedge funds' hoods
While examiners could call in enforcement investigators in case they see red flags, their main objective is to inform how the SEC’s rules should address the burgeoning field of cryptocurrency investment.
03/25/2018
Zuckerberg apologises with full-page newspaper ads
'This was a breach of trust, and I’m sorry we didn’t do more at the time.'
03/23/2018
UK and Oz regulators strengthen fintech partnership
Where a business is a participant in either Authority’s regulatory sandbox and would like to enter the other’s, the FCA and ASIC will endeavour to facilitate that participation.
03/23/2018
Japan regulator warns cryptocurrency exchange Binance over unregistered ops
The regulator said Binance likely allowed Japanese residents to open accounts without confirming their identities
03/23/2018
South Korea To Investigate Banks in Cryptocurrency-Linked AML Clampdown
South Korean officials are looking at ways to reduce risks associated with cryptocurrency trading.
03/23/2018
OECD issues interim report on tax challenges arising from digitalization
There is no consensus agreement among countries over the tax implications of scale without mass and a greater reliance on intangibles.
03/23/2018
Tax ruling offers alternative tax treatment for foreign investment corporations
For funds that do not fulfill the conditions for tax exemption (typically, small funds with few investors), the ITA has applied an alternative arrangement known as the “small funds tax arrangement.”
03/23/2018
New Fintech Tax Incentives for Retirees
An investment direction has captured the attention of retirees and its name is Fintech. But what on earth is it and why are over 65’s interested?
03/23/2018
New laws to charge VAT on software and other online services in South Africa
So, with effect from 1 June 2014, the VAT Act was amended and regulations were introduced which changed the way that certain imported electronic services were to be taxed,” the law firm said.
03/21/2018
City minister: Innovate Finance Global Summit speech
John Glen's speech to the Innovate Finance Global Summit.
03/21/2018
KPMG targets M&A market with Nuix’s powerful data analysis capabilities
KPMG’s deployment of Nuix software will facilitate this process and mitigate potential risks, such as litigation, non-compliance and increased cost and disruption to business as usual.
03/21/2018
Linx International to provide security training for SIRA in Dubai
Managing director of the Linx International Group, David Gill said: “Dubai is a major global hub and well respected as a centre of excellence, especially in areas of technology, security and policing.
03/20/2018
Regulating innovation: a global enterprise
Speech by Christopher Woolard, Executive Director of Strategy and Competition at the FCA, delivered at Innovate Finance 2018.
03/18/2018
Tax Challenges Arising from Digitalisation: More than 110 countries agree to work towards a consensus-based solution
The members of the OECD/G20 Inclusive Framework on BEPS will work towards a consensus-based solution by 2020, as set out in their Interim Report on the Tax Challenges Arising from Digitalisation released today.
03/18/2018
Bundesbank's Buch adds to calls for cryptocurrency regulation
The issue of how to regulate cryptocurrencies is likely to be high on the agenda at a March 19-20 meeting of Group of 20 finance leaders in Argentina.