SA Reserve Bank mulls digital rand for cross-border ...
19 May 2022
Financial Service Intelligence Watch
A digital rand in SA could cut the high cost of cross-border payments for banks but its introduction is still a few years away, reports Moneyweb. However, regulation of crypto assets is in the offing and might come into force ...
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Pros and cons of Web3: the new internet
18 May 2022
Financial Service Intelligence Watch
By Lee Rossini Those who have invested in Web3 are calling it the future of the Internet, whereas those people who have not invested are expressing their doubts. For most users engaging with the current version of the Internet, thinking ...
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Shifting goalposts: the many challenges of a compliance ...
18 May 2022
Financial Service Intelligence Watch
Regulators are looking to clarify the role of compliance officers when determining their personal responsibility in a firm’s potential compliance failures. A new framework (Wall Street Journal) was recently put forward by the US National Society of Compliance Professionals (NSCP), ...
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Financial Services Tribunal – Summary of determination involving ...
17 May 2022
Financial Service Intelligence Watch
Summary of Financial Services Tribunal determination involving Tarryn Pillay and Financial Sector Conduct Authority (FSCA), Sanlam Life Insurance Ltd The following matter was handed down by the Financial Services Tribunal on 13 May 2022: · Tarryn Pillay (Applicant) and Financial ...
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