Custody & Infrastructure

SGX Migrates Blockchain Projects to New AWS Service

03/05/2019

The move allows SGX to eliminate the heavy-lifting typically involved in infrastructure setup, configuration and management, and instead focus on adding business value.

Payments & Settlements

SWIFT Launches Payment Investigation, Resolution Capability

03/05/2019

The new capability will improve transparency, shorten resolution time and reduce manual intervention to resolve issues that arise along the payments chain.

Market Data & Technology

FSB Designates UK Agency as Sole UPI Service Provider

03/05/2019

The Derivatives Service Bureau will be the sole issuer of UPI codes and operate the UPI reference data library, facilitating the use of OTC trade reporting data in assessing systemic risk.

Credit Risk

RBI Must Disclose Bank Inspection Reports – Supreme Court

03/05/2019

The RBI has been ordered by the India’s highest court to disclose its annual banking inspection report, which contains sensitive commercial information of banks.

Cryptocurrency

Australia Cracks Down on Cryptocurrency Tax Evasion

03/05/2019

The Australian Taxation Office is collecting data from cryptocurrency exchanges to feed into its data-matching technology to identify tax evaders.

CBDCs

Singapore, Canada Conclude First Trial on CDBC Cross-Border Payments

02/05/2019

MAS and the Bank of Canada linked up experimental payment networks despite their being built on two different DLT platforms.

Structural Regulation

New Opening Up Measures Coming ‘Soon’ – CBIRC Chairman

02/05/2019

CBIRC chairman Guo Shuqing says 12 new measures will soon be introduced to further open up China’s financial sector to banks and insurers.

Credit Risk

CBIRC Issues Stricter Rules for Banks on Loan Classification

02/05/2019

The new rules broaden the range of assets banks have to classify. If more than 5% of a borrower’s loans are 90 days past due, all loans from that borrower will be classified as non-performing.

Conduct, Culture & Accountability

Westpacs Provision Extra A$510mn for Customer Remediation

02/05/2019

Misconduct linked to the issues identified by the royal commission could cost Australia’s four largest banks up to A$10bn.