Market Infrastructure

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.

Fintech / Regtech

MAS Announces Finalists for Global CBDC Challenge

By Editors | 30/08/2021

The finalists include ANZ, Citibank, Consensys, HSBC, IBM, Soramitsu, Standard Chartered, among others. They will progress to an eight-week Acceleration Phase to further develop and refine their solutions.

Market Infrastructure

APRA Focuses on Resilience in Updated Corporate Plan

By Sanday Chongo Kabange | 30/08/2021

APRA will look to enhance resilience in the financial system, including cyber resilience, while also transforming governance, risk-culture, remuneration and accountability.

Market Infrastructure

ASIFMA Warns SEBI Against Move to T+1 Settlement

By Ranamita Chakraborty | 30/08/2021

SEBI has established a panel of experts to look into moving from T+2 to T+1. ASIFMA says such a move will prove problematic for global investors.

Market Infrastructure

UK Competition Authority Opens Inquiry into S&P-IHS Deal

By Editors | 30/08/2021

The Competition and Markets Authority will announce in October whether it will refer the merger for a Phase 2 investigation.

Market Infrastructure

Shanghai to Get Upgrade as International Financial Centre

By Editors | 29/08/2021

Under a new policy plan, Shanghai will develop its asset management and fintech ecosystems, and enhance its role as a green finance and cross-border RMB hub.

Market Infrastructure

APRA Finalises Prudential Standard on Remuneration

By Manesh Samtani | 29/08/2021

The prudential standard on remuneration will come into effect from 1 January 2023 initially for the largest and most complex ADIs.

Market Infrastructure

PBOC Receives Third Financial Holding Company Application

By Sanday Chongo Kabange | 29/08/2021

Beijing Financial Holdings Group is the third company to apply for a licence after China CITIC and China Everbright Group.

Enforcement

ASIC Prioritises Economic Recovery in New Corporate Plan

By Ranamita Chakraborty | 26/08/2021

ASIC’s key external priorities for the next four years include the economy, innovation, consumer harm, cyber resilience, and industry readiness for regulatory reforms.