MARKET INFRASTRUCTURE

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.

Market Infrastructure

BOT Urges Faster Adoption of THOR by Market Participants

By Pongnut Thanaboonchai | 31/08/2021

The BOT’s issuance of floating rate notes referencing THOR has drawn interest from investors and helped to lower spreads in the OIS market.

Fintech / Regtech

Australia Payments System Review Exposes Regulatory Gaps

By Sanday Chongo Kabange | 31/08/2021

The review recommends enhancing the government’s powers to protect the payments system. A single, integrated licensing framework for payment services should also be introduced.

Market Infrastructure

India Financial Reporting Authority Seeks Auditor Oversight Powers

By Editors | 31/08/2021

The National Financial Reporting Authority is preparing a draft bill to propose to the government that will grant it greater financial autonomy and broader regulatory powers.

Market Infrastructure

ACCC Opens Competition Inquiry Into NAB-Citigroup Deal

By Sanday Chongo Kabange | 30/08/2021

The ACCC has asked interested parties to submit their views regarding NAB’s proposed acquisition of Citigroup’s Australian consumer banking business by 13 September.