MARKET INFRASTRUCTURE

Fintech / Regtech

EU Council Adopts New Rules Mandating Instant Payments

By Manesh Samtani | 27/02/2024

Banks and other payment service providers will be required to offer instant payments to consumers and businesses.

AML / KYC

FATF Consults on R.16 Changes to Improve Payment Transparency

By Manesh Samtani | 27/02/2024

The revisions would help guard against fraud by requiring beneficiary FIs to check the alignment of beneficiary information in payment messages.

Market Infrastructure

Australia: Misconduct Compensation Scheme to Start in April

By Sanday Chongo Kabange | 27/02/2024

Compensation up to A$150,000 can be provided for misconduct related to financial advice, securities dealing or credit intermediation/provision.

Big Picture

Wealth Connect Enhancements to Drive Investment: HSBC

By Nithya Subramanian | 27/02/2024

Around a quarter of WMC investors intend to invest CNY 1 million or more via the Scheme in the next 12 months.

Big Picture

FSB Warns of ‘Challenging Outlook’ for Global Financial Stability

By Manesh Samtani | 27/02/2024

The FSB is analysing the financial stability implications of tokenisation and AI, and taking stock of regulatory initiatives on nature-related financial risks.

Market Infrastructure

EU Council Adopts New AIFMD, UCITS Rules

By Editors | 27/02/2024

The new rules enhance the integration of asset management markets in Europe, the European Council said.

ESG / Sustainability

Korea Unveils Initial Details of ‘Corporate Value-up Programme’

By Manesh Samtani | 27/02/2024

The programme is designed to encourage listed companies to engage in voluntary efforts to improve governance, boost corporate value and enhance shareholder returns.

Market Infrastructure

Australian Senator Calls for New Financial System Inquiry

By Editors | 26/02/2024

Senator Andrew Bragg said ASIC and APRA are failing in their mandates and that the twin peaks model has “had its day”.

Market Infrastructure

PSE to Complete Acquisition of Bond Market Operator by 2025

By Mark Johnston | 26/02/2024

The Philippine Stock Exchange has since 2017 been seeking to acquire the Philippine Dealing System Group, which operates the local bond market.