MARKET INFRASTRUCTURE

Fintech / Regtech

RBI Account Aggregator Framework Brings Open Banking to India

By Editors | 12/09/2021

Eight banks have joined the account aggregator network, which enables consumers to share financial data with third parties in a safe and secure manner.

Market Infrastructure

APRA’s New Data Collection Solution Goes Live

By Editors | 12/09/2021

Banks have to maintain all BEAR information including accountability statements and maps in APRA Connect from this month.

Market Infrastructure

New Zealand Banks ANZ, Kiwibank Hit with DDoS Attacks

By Editors | 12/09/2021

ANZ said it had recovered on Thursday but online services were intermittent on Friday. Kiwibank was still working to get its systems back up through Sunday.

Market Infrastructure

CBSL Governor Steps Down as Sri Lanka Faces FX Crisis

By Editors | 12/09/2021

Sri Lanka has imposed import restrictions to limit foreign currency outflows, while also borrowing more internationally to bolster its reserves.

Fintech / Regtech

Global Central Banks Urged to Accelerate CBDC Efforts

By Manesh Samtani | 11/09/2021

Banks worried about the implications of CBDCs should be more worried about stablecoins, DeFi and bigtech challenging their models, says Benoît Cœuré.

Market Infrastructure

Cross-boundary Wealth Management Connect Launched

By Manesh Samtani | 10/09/2021

The PBOC, HKMA and AMCM have published the implementation details to support the launch of the Cross-boundary Wealth Management Connect Pilot Scheme.

Market Infrastructure

GBA Wealth Management Connect Set for Launch

By Editors | 10/09/2021

The southbound leg of Bond Connect will also be launching shortly. A press release will be held this afternoon to announce implementation details.

Market Infrastructure

Sri Lanka Passes New SEC Act to Bolster Capital Market

By Duruthu E Chandrasekera | 09/09/2021

SEC chairman Viraj Dayaratna described the new law as “futuristic”, saying it will help to increase market liquidity and attract foreign investment.

Market Infrastructure

IOSCO Says Credit Sensitive Rates Pose Financial Stability Risk

By Manesh Samtani | 09/09/2021

IOSCO says SOFR should be used in place of USD LIBOR and that it will be closely monitoring how the “IOSCO badge” is used in compliance assessments of credit sensitive rates.