ADVERTISEMENT
Fintech / Regtech
BIS, Swiss National Bank to Issue CBDC Proof of Concept by Year-End
By Sanday Chongo Kabange | 27/10/2020
CBDC research provides an “essential opportunity” to pool knowledge and resources and help enhance cross-border payments, says Benoît Coeuré, head of the BIS Innovation Hub.
Capital / Liquidity
PBOC Issues Draft Law Aimed at Modernising Central Bank System
By Sanday Chongo Kabange | 27/10/2020
The draft law expands the PBOC’s role in preventing financial risks, assigns it responsibilities to society, and provides a legal basis for its CBDC, among other changes.
Fintech / Regtech
Australian Treasury Orders Review of Domestic Payments Regulation
By Shruti Khairnar | 27/10/2020
The review comes after two decades of the regulatory architecture of the domestic payments system being largely unchanged.
Market Infrastructure
Australia: New Report Proposes Changes to Financial Advice Rules
By Sanday Chongo Kabange | 27/10/2020
The FASEA regime has created a barrier to many people who seek to provide advice services and to consumers who seek to access them, says a new Rice Warner report.
Market Infrastructure
Singapore Publishes Timelines, Guidance to Support Transition to SORA
By Manesh Samtani | 27/10/2020
Under the timelines, all lenders and borrowers will stop issuing SOR-linked loans and securities that mature after 2021 by end-April 2021.
Market Infrastructure
China to Issue Additional Quotas for Outbound Investment via QDII
By Editors | 26/10/2020
The move, estimated to release quotas by $2-3bn per quarter, is being called one of the biggest relaxations in capital controls in recent years.
Capital / Liquidity
MAS Proposes Amendments to RMO Capital Requirements
By Manesh Samtani | 26/10/2020
MAS proposes to introduce a direct liquidity requirement for recognised market operators, and to revise downward the solvency requirement.
Market Infrastructure
ISDA Launches IBOR Fallbacks Supplement, Protocol
By Editors | 25/10/2020
The implementation of fallbacks for derivatives will help to mitigate the systemic risk that could occur following the disappearance of LIBOR.
Market Infrastructure
GFXC to Complete FX Global Code Review by Mid-2021
By Manesh Samtani | 23/10/2020
Among the key issues in the FX market has been settlement risk, given the increasing number of trades being settled without PvP protection, says RBA deputy governor Guy Debelle.
Market Infrastructure
GBA Wealth Management Connect to Operate With Quota System
By Manesh Samtani | 22/10/2020
The scheme will be capped at 150 bn yuan in each direction, and an individual quota of 1 mn yuan will be imposed on Greater Bay Area residents.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team