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FSC mulls rule changes to promote fintech training – Taipei Times

WATCH: Behind Barnett’s big gamble on Central Park Tower Central Park Tower’s $4 billion target sellout is $1.3 billion more than the price tag of Barnett’s other luxury supertall, One57, where a penthouse sold for $100.5 million in December 2014. In March, Curbed reported that construction workers began applying a wavy facade to Central Park Tower’s first seven stories.

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The Hong kong monetary authority (hkma) is studying the idea of establishing an academy of finance (AoF) in Hong Kong.. The financial secretary, Paul Chan, announced today (28 February) in the 2018-19 budget that he has tasked the HKMA to look at this. The HKMA has commissioned an "Experts Group "to study the feasibility of this proposition.

As advised in the answer to question 1.1 above, under the Fintech Innovation Act, the FSC will set up a fintech experiment mechanism under the Fintech Innovation Act similar to the "regulatory sandbox" concept to provide a safe environment for the development and testing of fintech, exempt fintech innovation from the current licensing requirements for financial businesses and stipulate applicable regulations on fintech experiments.

With changing regulations, increasing investments and support from domestic banks, fintech is poised to take off in Japan. Lots have happened in Japan since the beginning of the year for fintech with a number of new rulings and moves from the public sector being introduced to foster the domestic industry.

needed to cultivate and support the FinTech ecosystem and to develop a strategy for what each stakeholder group can do to address them. The discussion at this meeting is intended to encourage key stakeholders to debate potential interventions, to align on who should do what, and to promote a comprehensive strategy for Canada’s FinTech sector.

OCC Fintech Charter Faces Uncertain Future After Curry’s Departure. The fintech charter was a key initiative for Curry, who was replaced on an interim basis by lawyer Keith Noreika after.

Singapore Exchange said to mull tie-ups as deals grow harder By Bloomberg Even as regulators crack down on yet another round of consolidation among exchange operators – at least one major bourse is still keen to pursue deals.

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Hong Kong to create fintech ‘sandbox’ allowing bank experiments. The Monetary Authority of Singapore said last year that it would spend S$225m (US$166m) over five years to support the creation of innovation centres and technology projects within and across banks.