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Market Infrastructure
NZ Privacy Commissioner Issued Compliance Notice to RBNZ
By Editors | 16/09/2021
The compliance notice was triggered by the cyber-attack suffered by the RBNZ in December 2020, and confirms the work underway to make its systems more secure.
Fintech / Regtech
DTCC to Launch DLT-Based Settlement Platform in Q1 2022
By Editors | 15/09/2021
Project Ion will create an alternative clearance and settlement option for US equity markets that leverages distributed ledger technology.
Market Infrastructure
HKEX to Roll Out New Market Access Platform on 27 September
By Editors | 15/09/2021
The change is expected to improve latency, deliver higher performance, and provide greater flexibility to implement new functionalities in the future.
Big Picture
Australia Can Do More to Facilitate Sustainable Recovery: OECD
By Editors | 15/09/2021
The OECD recommends the creation of a roadmap for improving reporting of climate-related risks by listed companies and financial institutions.
Market Infrastructure
Southbound Bond Connect to Launch on 24 September
By Editors | 15/09/2021
Southbound trading under Bond Connect will have an initial daily quota of CNY 20 billion and an annual quota of CNY 500 billion.
Market Infrastructure
Australia Appoints Inaugural Members to FRAA
By Editors | 15/09/2021
Nicholas Moore, ex-CEO of Macquarie Group, has been appointed as Chair of the Financial Regulator Assessment Authority, which will oversee ASIC and APRA.
Market Infrastructure
APLMA, TMA Issue Guidance on SOFR Adoption in Loan Markets
By Manesh Samtani | 15/09/2021
The HKMA said it supports the publication of the new information note, which sets out options to replace USD LIBOR with SOFR in loan contracts.
Fintech / Regtech
Singapore, India to Enable Real-time Cross-border Payments
By Sanday Chongo Kabange | 15/09/2021
The PayNow-UPI linkage will be implemented in July 2022, enabling faster and lower cost fund transfers between Singapore and India.
Market Infrastructure
Malaysia, Thailand Invite Banks to Become ‘Qualified ASEAN Banks’
By Manesh Samtani | 15/09/2021
The initiative is part of the April 2019 bilateral arrangement between BNM and BOT under the ASEAN Banking Integration Framework.
Market Infrastructure
China Pilots New Scheme to Plug Retirement Savings Gap
By Sanday Chongo Kabange | 15/09/2021
Four domestic banks will test wealth management products for one year in Wuhan, Qingdao, Chengdu and Shenzhen.
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