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Fintech / Regtech
Cambodia to Launch CBDC-based Payment System
By Editors | 03/02/2020
The new payment system expected to launch in the coming months has the support of 11 banks so far, and will operate using a quasi-CBDC known as ‘Bakong’.
Market Infrastructure
ESMA Consults on New Standards for Third-Country Investment Firms
By Editors | 03/02/2020
The new Investment Firms Regulation (IFR) and Directive (IRD) will require third-country firms providing investment services and activities in the EU to report granular information to ESMA.
Market Infrastructure
Australia Drafts Laws on 22 Royal Commission Recommendations
By Editors | 03/02/2020
The draft legislation is aimed at enhancing protections for consumers and small businesses, and strengthening the role of ASIC and APRA.
Market Infrastructure
Japan Prepares Cyber Response Ahead of Tokyo Olympics
By Editors | 01/02/2020
In a September BOJ survey, 60% of banks said they were unable to secure enough staff to oversee cybersecurity, raising concerns of cyber attacks leading up to the Tokyo Olympics.
Market Infrastructure
Lao Central Bank Launches QR Code Payment Standard
By Editors | 31/01/2020
The QR code payment standard will minimise the use of cash, drive Laos towards a digital economy, and boost socio-economic development.
Market Infrastructure
HK, Korea, Philippines to Undergo IMF Assessment in 2020
By Editors | 31/01/2020
While Hong Kong and Korea are scheduled to undergo the assessment, as required every five years, the Philippines has voluntarily requested its assessment.
Capital / Liquidity
APRA Publishes Strategic Priorities for the Year Ahead
By Editors | 31/01/2020
Chairman Wayne Byres says publishing APRA’s policy and supervision priorities supports the regulator’s commitment to greater transparency and accountability.
Market Infrastructure
Buy-side Adoption of FX Global Code Lagging: BIS
By Editors | 31/01/2020
More needs to be done to bolster buy-side adoption of the FX Global Code, says MAS deputy managing director Jacqueline Loh, who also chairs the BIS Markets Committee.
Market Infrastructure
FCA Issues Guidance on Brexit Transition Period
By Manesh Samtani | 31/01/2020
During the 11-month transition period, EU law will continue to apply in the UK, including passporting arrangements and consumer rights protections.
Market Infrastructure
RBNZ Endorses Official Cash Rate as Fallback Benchmark
By Editors | 31/01/2020
New Zealand will operate a dual interest rate benchmark system, retaining the Bank Bill Benchmark Rate and using the OCR as its fallback.
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