MARKET INFRASTRUCTURE

Market Infrastructure

BOT Directs Banks to Prepare for New Data Protection Law

By Pongnut Thanaboonchai | 03/09/2021

The Thai Bankers’ Association has issued guidelines for banks on handling personal data protection in compliance with the Personal Data Protection Act.

Market Infrastructure

RBA Asked to Require Banks to Provide Least-cost Routing Options

By Editors | 03/09/2021

Treasurer Josh Frydenberg has asked the RBA to consider mandating the issuance of dual-network debit cards for major and medium-sized banks.

ESG / Sustainability

Japan to ‘Nurture’ Green Bonds, Pilot Climate Scenario Analysis

By Ranamita Chakraborty | 03/09/2021

The BOJ and FSA are collaborating to measure the resilience of Japan’s three mega-banks and top three non-life insurers to the risks posed by climate change.

Market Infrastructure

China to Set Up New SME-Focused Stock Exchange in Beijing

By Editors | 03/09/2021

President Xi Jinping announced that a new stock exchange will be set up in Beijing and reforms at the NEEQ will be deepened to further support SMEs.

Fintech / Regtech

BIS, Four Central Banks Partner to Test Cross-Border CBDC Use

By Sanday Chongo Kabange | 03/09/2021

The BIS Innovation Hub Singapore Centre will test CBDCs for international settlements with the RBA, MAS, BNM and SARB.

ESG / Sustainability

EU Banks Urged to Accelerate Adoption of ESG Risk Strategies

By ESG Investor | 02/09/2021

European Commission report finds most European banks are failing to highlight, measure and report on their ESG risks.

Market Infrastructure

AFMA Calls For Speedy Passage of OBU Legislation

By Editors | 01/09/2021

Delays in passing legislation to reform the Offshore Banking Unit regime could harm Australia and undermine how it is perceived by foreign investors.

Fintech / Regtech

RBI Halts Plan to Allow New Umbrella Entities in Retail Payments

By Editors | 01/09/2021

The decision is reportedly based on data security concerns following recent breaches at payment firms and non-compliance by global payment giants with India’s data localisation rules.

Fintech / Regtech

MAS Grants New Payment Services Licences to FOMO Pay

By Manesh Samtani | 01/09/2021

MAS has granted three new licenses to FOMO Pay, including a DPT services licence. More new licences are expected to be announced shortly.