Fintech Notes

A new regulatory regime for peer-to-peer lending

In June, the FCA published its policy statement on crowdfunding platforms (PS19/14). PS19/14 contains two new sets of rules which apply to: (i) …

Digital Banking Licences have arrived for non-bank players in Singapore

On 28 June 2019, the Monetary Authority of Singapore (MAS) announced that it will issue up to five new digital bank licences, which will effectively open …

FCA calls for input on proposed Cross-sector Sandbox by 30 August 2019

New technologies, such as artificial intelligence ("AI") and distributed ledger technology ("DLT"), continue to have a significant impact on the way in …

HKMA takes first step towards regulating the use of big data analytics and artificial intelligence in FinTech

Authors: Hannah Cassidy, Jeremy Birch, Sheena Loi and Peggy Chow The Hong Kong Monetary Authority (HKMA) has issued a circular to encourage authorised …

Fintech 2019: Herbert Smith Freehills' associated firm in Indonesia, Hiswara Bunjamin & Tandjung, contributes to Chambers and Partners' fintech practice guide

Chambers and Partners has published its 2019 practice guide to fintech. The chapter on Indonesia was contributed by Hiswara Bunjamin & Tandjung, our …

New European Banking Authority guidelines offer catalyst for change to outsourcing arrangements

Singapore payments and fintech update

Casting the regulatory net over virtual assets – new regulation in Hong Kong for crypto fund managers, fund distributors and trading platforms

Yesterday, the Securities and Futures Commission (SFC) published a statement (Statement), together with a press release, setting out its new regulatory …

The rise of the crypto hedge fund: opportunities and challenges

HKMA publishes open API framework for Hong Kong banking sector and launches own open API

On 18 July 2018, the HKMA announced that it had concluded a consultation on its intended approach to open application programming interface (API) for the …

FSB publishes report on crypto-assets

On 16 July 2018, the Financial Stability Board (FSB) published a report to the G20 on its work with the Committee on Payments and Market Infrastructures …

Fintech regulation - what is in the pipeline?