Market Infrastructure

Fintech / Regtech

HKMA Updates Guidance on E-Banking Risk Management

By Editors | 25/10/2019

The updated supervisory policy manual seeks to strengthen risk management controls in electronic banking channels by providing more principle-based guidance.

Market Infrastructure

APRA Seeks More Funding to Address Capability Review Findings

By Editors | 25/10/2019

In his opening statement to a Senate estimates hearing this week, APRA chairman Wayne Byres said the regulator will need additional resourcing to deliver on its objectives.

Fintech / Regtech

Cambodia Announces Soft Launch of New Payment System

By Editors | 24/10/2019

Launched in partnership with 7 financial institutions, the new system will enable real-time interbank transfers, mobile payments, and QR code payments.

Enforcement

ACCC Mortgage Pricing Inquiry to Extend Beyond Mortgage Pricing

By Editors | 24/10/2019

ACCC chairman Rod Sims reportedly told a parliamentary hearing that bundling products such as credit cards and insurance would form part of the agency’s inquiry.

Market Infrastructure

Australia: Smaller Institutions, Buy Side Less Prepared for Libor Cessation

By Manesh Samtani | 24/10/2019

Existing Libor-referencing contracts that don’t have robust fallback provisions in place will be tied up in very lengthy disputes, warned the RBA’s Christopher Kent at ISDA’s Australia Conference.

Market Infrastructure

Philippines to Adopt QR Codes for Payments Nationally

By Editors | 24/10/2019

Once the national QR code standard is established, bank and non-bank payment providers will have 30 days for adoption. Those already offering QR-enabled payments will have until mid-2020.

Capital / Liquidity

The Supervisory Answer to Hong Kong’s Worsening Economic Performance

By Pierre Latrobe | 22/10/2019

Pierre Latrobe at Mazars discusses the measures the HKMA has taken so far to strengthen its macroprudential supervisory toolkit and address potential risks to the wider financial system.

Market Infrastructure

SEBI’s Final Rules for Resigning Auditors Take Effect

By Editors | 22/10/2019

Auditors proposing to resign must first report all of the issues that may be hindering the audit process to the audit committee of the listed company.

Market Infrastructure

MAS, CBIRC Enhance Cross-Border Supervisory Cooperation

By Editors | 22/10/2019

The MOU will enhance supervisory cooperation and facilitate information exchange between the two regulators in the areas of banking and insurance supervision and crisis management.