Payments & Settlements

Malaysia to End Fee Waiver on QR Payments to Merchants

02/10/2023

Public Bank, Maybank, CIMB, and TNG Digital said they will not impose the merchant transaction fee for the time being.

Emerging Prudential Risks

BOE Plans to Create Permanent Lending Facility for Non-bank FIs

02/10/2023

BOE executive director Andrew Hauser said there was an urgent need to fill gaps in the central bank’s liquidity toolkit.

Payments & Settlements

RBA Publishes Conclusions on Measures to Enhance Debit Card Market

02/10/2023

The RBA will not prohibit banks from setting a default routing network on dual-network cards, but said it expects faster progress on enabling least-cost routing.

Liquidity Risk

NZ FMA Updates Liquidity Risk Management Guidance for Funds

02/10/2023

The proposed guidance makes clear that effective liquidity risk management is a legal obligation of MIS managers and supervisors.

Emerging Prudential Risks

AMRO Launches ASEAN+3 Finance Think Tank Network

02/10/2023

The network will serve as a platform to foster cooperation and research toward regional macroeconomic and financial resilience and stability.

AI Risk & Governance

ECB Outlines How It Uses AI Tech for Central Banking

01/10/2023

The ECB is using AI to automate data collection and analyse text documents, and exploring the use of large language models for multiple use cases.

KYC & CDD

Open Ownership Integrates LEI Into Beneficial Ownership Datasets

01/10/2023

LEIs are now embedded into Open Ownership data records, which GLEIF says will allow easier identification of corporate beneficial owners and controllers.

Cryptocurrency

SFC Publishes Names of VATP Licence Applicants

01/10/2023

Four VATP operators have submitted licence applications to the SFC. Six entities are listed as ‘suspicious VATPs’.

Clearing & Post-Trade

ISDA Exploring Development of “Industry Notices Hub”

30/09/2023

The hub would help to address uncertainty over the delivery of critical notices between derivatives market counterparties.