MARKET INFRASTRUCTURE

Fintech / Regtech

Australia Proposes Licensing Framework for Payment Services

By Manesh Samtani | 09/12/2023

Payment service providers would need to be licensed by ASIC, and in some cases, APRA. The ePayments Code will also be updated and made mandatory.

Market Infrastructure

RBI in Talks With HK, US on Cross-border CBDC Payments

By Ajoy K Das | 08/12/2023

The RBI has set up a working group to create a roadmap for settling international remittances using CBDCs.

Crypto / Digital Assets

Singapore, China Announce New Bilateral Cooperation Agreements

By Manesh Samtani | 08/12/2023

The agreements include a cross-border e-CNY pilot, a possible PayNow-UnionPay linkage, and an MoU between SGX and GFEX.

Market Infrastructure

Hong Kong IA Consults on Subsidiary Rules for Risk-based Capital Regime

By Sanday Chongo Kabange | 08/12/2023

The IA is consulting on two subsidiary rules to tie in with the implementation of a risk-based capital regime for insurers set to commence next year.

AML / KYC

Indonesia, UAE Central Banks Agree to Expand Cooperation

By Editors | 08/12/2023

BI and CBUAE will strengthen cooperation in areas including monetary policy, financial stability, payments, AML/CFT, and Islamic finance.

Big Picture

HKIMR Report Offers Guidance on Talent Development

By Editors | 08/12/2023

The report presents findings from two surveys and other analysis to recommend talent development strategies for Hong Kong’s financial industry.

Market Infrastructure

DSB Forms New Advisory Committee for ISIN, UPI Services

By Editors | 07/12/2023

The new committee will provide recommendations on governance matters related to the ISIN and UPI Services.

Market Infrastructure

HSBC Trials Quantum Protection for AI-powered FX Trading

By Sanday Chongo Kabange | 07/12/2023

HSBC is using its own AI-powered tool to safeguard trades of any value from quantum attacks and other cyber risks.

Market Infrastructure

PBOC Issues New Rules for Bond Valuation Agencies

By Editors | 06/12/2023

The rules will improve transparency over the selection and use of data sources, valuation methodologies, and conflicts of interest