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MAS Weighs In on Allianz-Income Deal, Focus on Consumer Protection

Fintech News

Minister Chee stated that his focus would be on the regulatory perspective of the Monetary Authority of Singapore (MAS). The MAS assessment emphasized the regulator’s role in promoting a sound financial sector, focusing on insurer risk management and long-term policy protection. billion (EUR 1.5 billion (EUR 1.5

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FCA Steps in To Increase Consumer Protections When Payments Firms Go Out of Business

The Fintech Times

The Financial Conduct Authority (FCA) is consulting on proposals that it hopes will better protect consumers when payments and e-money firms go out of business. The financial services regulator also plans to publish strengthened interim safeguarding rules for firms by the middle of next year.

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BIS: Stablecoins Offer Promise, but Need Consistent Regulation

Fintech News

Authored by Juan Carlos Crisanto , Johannes Ehrentraud , and Denise Garcia Ocampo , this report underscores the increasing prominence of stablecoins in the financial landscape, pointing out their potential to mirror the value of fiat currencies.

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Here’s How 10 APAC Markets Are Approaching Crypto Regulation

Fintech News

2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon.

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Money20/20 Asia Set to Spotlight APAC Regulators for Fintech Growth

Fintech News

Money20/20 Asia, set for 23-25 April at the Queen Sirikit National Convention Center in Bangkok, will prominently feature regulators from Asia’s financial sector among its speakers. The post Money20/20 Asia Set to Spotlight APAC Regulators for Fintech Growth appeared first on Fintech Singapore. Register at this link.

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MAS Streamlines Product Approval Process for Life Insurers

Fintech News

The Monetary Authority of Singapore (MAS) is streamlining the product approval process for life insurers while maintaining robust consumer protection. This allows MAS to thoroughly assess these novel products for adequate pricing, capitalisation, and consumer disclosures before they are launched.

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UK Regulator Tackles Authorized Push Payment Fraud

PYMNTS

In an effort to help authorized push payment (APP) fraud victims, The U.K.’s s Financial Conduct Authority (FCA) unveiled new rules on Friday (Dec. FCA Executive Director of Strategy and Competition Chris Woolard said, according to FT : “The FCA takes APP fraud and the harm it causes to consumers very seriously.