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Market Infrastructure
China Green Lights Mastercard JV to Enter Bank Card Clearing Market
By Editors | 12/02/2020
The approval follows a commitment from China to expedite pending licence applications from US payments providers as part of the phase one trade deal.
Fintech / Regtech
Federal Reserve Explores Feasibility of US Dollar CBDC
By Editors | 11/02/2020
The Fed is exploring policy and design issues, legal considerations, and financial stability and resilience implications, governor Lael Brainard says.
Market Infrastructure
Sri Lanka Should Start LIBOR Transition ‘Immediately’ – ICRA
By Editors | 11/02/2020
The central bank, financial institutions, and companies must assess the impact, and the LIBOR transition should start “immediately”, says ICRA Lanka, a Moody’s group company.
ESG / Sustainability
FSAP Stress Tests to Prioritise Climate Risk Assessments: IMF
By Manesh Samtani | 08/02/2020
The IMF is adding climate-related factors to its existing stress-testing methodology to help government and private-sector leaders prepare for potential financial shocks.
Market Infrastructure
RBA Considers Mandating ‘Least Cost Routing’ – Reports
By Editors | 07/02/2020
Forcing banks to route payments through EFTPOS rather than Visa or Mastercard could save retailers an estimated A$500mn a year.
Market Infrastructure
US, Singapore Jointly Declare Opposition to Data Localisation
By Editors | 06/02/2020
The US and Singapore support allowing financial service suppliers to transfer data across borders and oppose generally applicable data localisation requirements.
Fintech / Regtech
ACCC Publishes Final Data Sharing Rules for Open Banking
By Editors | 06/02/2020
The Consumer Data Right Rules give legislative force to consumer requests for banks to share their data with accredited data recipients.
Market Infrastructure
ISDA to Re-consult on Pre-cessation Fallbacks This Month
By Editors | 06/02/2020
ISDA will consult on a single protocol that would allow participants to include both pre-cessation and permanent cessation fallbacks in derivatives trades.
ESG / Sustainability
MAS to Broaden Range of Climate Risks Included in Stress Tests
By Editors | 05/02/2020
The current priority is to collect climate-related data and understand how it impacts FIs in order to conduct a proper stress test, says MAS board member Ong Ye Kung.
Market Infrastructure
World Federation of Exchanges Sets Out 2020 Priorities
By Editors | 04/02/2020
In 2020, the WFE will focus its work on the role of exchanges in creating data, the role of CCPs in ensuring systemic safety, and ESG issues.
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