HERBERT SMITH FREEHILLS LEADS ASIFMA MEMBER WORKING GROUP TO FORMULATE BEST PRACTICES FOR EFFECTIVE DEVELOPMENT OF FINTECH

The Asia Securities Industry & Financial Markets Association (ASIFMA) released on Friday afternoon its guide, Best Practices for Effective Development of Fintech. Its press release can be accessed here.

The guide was developed by a member working group at ASIFMA led by Herbert Smith Freehills. The working group has agreed 10 best practices for policymakers and regulators in Asia Pacific to consider as they support the development of fintech in the financial services industry. The best practices acknowledge the delicate balance required between encouraging fintech innovation, and ensuring customer protection and market integrity.

The best practices are released at a time of rapid development in fintech and increased involvement by financial regulators. Our e-bulletin regarding the best practices and the recent initiatives taken by regulators in the region to support fintech development can be accessed here.

If you would like to discuss the above further, please do not hesitate to contact Will Hallatt, Hannah Cassidy, Mark Robinson, Grace Chong, or your usual Herbert Smith Freehills contact.

William Hallatt
William Hallatt
Partner, Hong Kong
Email | Profile
+85221014036
Hannah Cassidy
Hannah Cassidy
Partner, Hong Kong
Email | Profile
+85221014133
Mark Robinson
Mark Robinson
Partner, Singapore
Email | Profile
+656868908
Grace Chong
Grace Chong
Senior Associate, Hong Kong
Email | Profile
+85221014138

 

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