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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.
Market Infrastructure
ISDA Welcomes Libor Pre-cessation Clarity from FCA, IBA
By Editors | 29/01/2020
The FCA has clarified that any period of non-representative LIBOR based on reduced panel bank submissions could last for only a period of months, not years.
AML / KYC
Singapore’s Payment Services Act Comes Into Force
By Manesh Samtani | 28/01/2020
The PS Act gives MAS formal supervisory powers over technology, cybersecurity and AML/CFT controls at payment services firms, including cryptocurrency and e-wallet companies.
Market Infrastructure
FSS Korea to Reorganise Consumer Protection Department
By Editors | 24/01/2020
The FSS will reorganise its consumer protection department to boost supervision of high-risk financial products, and establish suptech and regtech teams.
Fintech / Regtech
Australia Considers Opening ‘Write’ Access Under Open Banking
By Editors | 24/01/2020
The government will consider expanding the consumer data right to allow ‘write’ access by entities other than banks, similar to how the EU’s PSD2 operates.
Market Infrastructure
Grab, Razer Considering Malaysia Digital Bank Licences – Report
By Editors | 24/01/2020
CIMB, Hong Leong Bank, Maybank, Grab, Razer, AirAsia, Axiata are reportedly considering submitting bids for Malaysian digital bank licences.
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