Market Infrastructure

    Market Infrastructure

    MAS Proposes Exemption Framework for Foreign Offices of FIs

    By Editors | 15/03/2021

    MAS is proposing to introduce an exemption framework for foreign head offices or branches that is similar to the proposed notified FRC framework issued in June 2020.

    Market Infrastructure

    China Pilots Greater FX Autonomy for Multinational Companies

    By Editors | 14/03/2021

    Under the pilot programme, certain multinational companies will be able to purchase foreign currencies at their discretion, rather than seeking authorisation for each transaction.

    Market Infrastructure

    SWIFT to Launch Enhanced Platform in November 2022

    By Editors | 14/03/2021

    The first release of the enhanced platform will go live in November 2022, supporting MT messaging and ISO 20022, while also allowing connections via APIs.

    Market Infrastructure

    GFIT Taxonomy Should Recognise Efforts to Become Greener

    By Manesh Samtani | 14/03/2021

    The Japanese Bankers Association says the taxonomy should support not only ‘pure green’ activities and technologies, but also efforts to ‘become green/greener’.

    Fintech / Regtech

    Bangladesh Cabinet Approves Bill on Payments Supervision

    By Editors | 13/03/2021

    The bill is aimed at providing additional safeguards against fraud, allowing Bangladesh Bank to monitor all electronic payments and penalise violations.

    Market Infrastructure

    Vietnam Works to Address System Overloads at HoSE

    By Sanday Chongo Kabange | 13/03/2021

    Industry body VAFI is calling for new management at HoSE. Meanwhile, HNX is setting up a new board to absorb HoSE-listed companies to ease market overload issues.

    AML / KYC

    Addressing Financial Crime Through Data-driven Compliance

    By Heather Lee | 13/03/2021

    Given the rapid growth of digital technologies in financial services, the most effective way to defeat financial criminals today is to ‘follow the data’, says SWIFT’s Heather Lee.

    Enforcement

    ACCC Accepts Visa Commitment to Address Competition Concerns

    By Editors | 11/03/2021

    Visa is legally bound to ensuring that merchants will not pay higher processing costs if they process debit card payments through eftpos rather than the Visa network.

    Market Infrastructure

    APRA to Adopt New Consultation Approach to Data Collection

    By Manesh Samtani | 11/03/2021

    APRA plans a consultation process that will allow it to design its data collections in a way that will minimise friction and reduce the regulatory burden of regulated entities.

    Big Picture

    The ESG Interview: Asia Plots its Own Path

    By ESG Investor | 11/03/2021

    Mercer’s Alexis Cheang sees parallels and differences in the approaches of the region’s asset owners and policy-makers.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team