Market Infrastructure

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.

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.