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Market Infrastructure
Amex Closer to Entering China Bank Card Market – Report
By Editors | 13/01/2020
The latest approval comes over two years after Amex was approved to start preparing a joint venture business with local partner LianLian.
Fintech / Regtech
S. Korea Passes Bills Enabling Commercialisation of Data
By Editors | 13/01/2020
The bills allow the commercial use of unidentified individuals without seeking their consent. A new data exchange will be launched in March.
Market Infrastructure
Demand for Stablecoin, CBDC Not Yet Established: RBA
By Editors | 13/01/2020
A retail CBDC could ultimately hurt commercial banks, as it would translate to a fall in deposits and a reduction in the availability of funds for lending to households and businesses, the RBA says.
Fintech / Regtech
UK Digital Regulatory Reporting Pilot Completes Phase Two
By Manesh Samtani | 10/01/2020
Phase two of the DRR pilot highlighted the importance of agreed data standards. An appropriate solution for producing machine-executable regulation has not yet been identified.
Capital / Liquidity
Sri Lanka to Enact New Banking Act in 2021
By Editors | 10/01/2020
The new Banking Act will streamline the licensing process, branch approvals, and adopt a proportionality framework for banking regulations, among other changes.
Market Infrastructure
PBOC Sets Out Policy Priorities for Year Ahead
By Editors | 10/01/2020
The PBOC has announced key policies and tasks for 2020, following an annual work conference held last week in Beijing.
Market Infrastructure
CBIRC Proposes New Rules to Cleanse Financial Leasing Sector
By Editors | 10/01/2020
Of over 10,000 financial leasing companies in China at the end of June, more than 70% have either halted, are shell companies, or are mired in crisis.
Market Infrastructure
Vietnam Central Bank Sets Out 2020 Policy Tasks
By Editors | 10/01/2020
The key policy tasks for the year include reducing banking sector NPLs to below 2% and promoting the use of non-cash payments.
Market Infrastructure
PBOC Reverses No Interest Policy for Payments Companies – Report
By Editors | 10/01/2020
The PBOC will pay just 0.35% annually on customer money that payments firms hold with the central bank, but the move marks a reversal of an earlier decision to pay no interest.
Market Infrastructure
ESMA Grants LEI Reporting Relief to Non-EU Issuers Under SFTR
By Editors | 09/01/2020
ESMA has granted non-EU issuers of securities and collateral a 12-month grace period before they are required to report LEIs under SFTR.
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