Market Infrastructure

Payments Connectivity Sees Continued Progress in ASEAN

10/04/2019

Bank of Thailand outlined a number of key initiatives with other ASEAN nations to increase regional connectivity in cross-border payments.

Market Infrastructure

DTCC Partners with Droit to Automate Pre-Reporting Decision-Making

10/04/2019

DTCC’s pre-reporting solution can now determine – in real-time – the global cross-regulatory reporting implications and obligations for a particular transaction.

Market Infrastructure

RBI to Unify Complaints Handling for Digital Payments

10/04/2019

The RBI plans to speed up customer complaint processing and redressal times across all domestic payment platforms by end-June.

Enforcement

Australia Passes Law Forcing Financial Firms to Cooperate with AFCA

10/04/2019

A new law has made it mandatory for all financial firms to fully cooperate with AFCA to resolve consumer and small business disputes.

Market Infrastructure

Australia Consults on Payments System Migration to ISO 20022

10/04/2019

The RBA and Australian Payments Council have issued a consultation to help the industry agree on key strategic decisions for migrating the payment system to ISO 20022 by end-2024.

Market Infrastructure

FCA, ASIC Ensure Post-Brexit Continuity, Cooperation

08/04/2019

The FCA and ASIC have signed MoUs on trade repositories and alternative investment funds, and adopted existing equivalence decisions on their supervisory and regulatory regimes.

Fintech / Regtech

Korea FSS to Facilitate ‘Responsible’ Innovation by Foreign Firms

08/04/2019

FSS governor Yoon Suk Heun urged foreign financial firms to bring in “a new wave” of financial inclusion and responsible innovation to spur sustainable growth in Korea’s financial industry.

Fintech / Regtech

ACCC Publishes Draft Rules for Open Banking Data Sharing

08/04/2019

The draft rules provide detail and guidance as to how the Consumer Data Right will work in the banking sector starting in July this year.

Market Infrastructure

Bursa Malaysia to Operate on T+2 Settlement from 29 April

08/04/2019

Bursa Malaysia will migrate to T+2 settlement starting from 29 April, putting it in line with the financial markets of developed countries.