Market Infrastructure

Market Infrastructure

Sri Lanka Cabinet Approves Data Protection Bill

By Duruthu E Chandrasekera | 14/10/2021

Data controllers must ensure the security and confidentiality of personal data. The rights of data subjects will be enhanced. Cross-border transfers are allowed.

AML / KYC

RBI to Allow Foreign Banks to Store Limited Data Overseas

By Editors | 14/10/2021

Following meetings with foreign banks, the RBI will allow certain static data to be stored in offshore locations for AML and sanctions screening purposes.

Crypto / Digital Assets

China Names Crypto Mining as Prohibited Activity on ‘Negative List’

By Sanday Chongo Kabange | 14/10/2021

China’s latest ‘negative list’ removes six industries, while introducing new restrictions for the media, finance and cryptocurrency sectors.

Market Infrastructure

Cross-border Payments Roadmap Remains Firmly on Track: FSB

By Editors | 14/10/2021

The FSB has published a progress report on work to enhance cross-border payments as outlined in the G20 Roadmap last year.

Fintech / Regtech

G7 Ministers to Endorse Guiding Principles for CBDC – Report

By Editors | 13/10/2021

The principles call for appropriate regulation and oversight, rigorous privacy and data protection standards, and safeguards to prevent fraud and sanctions evasion.

ESG / Sustainability

HK Regulators Offer Support for New Climate Action Plan

By Manesh Samtani | 13/10/2021

The Green and Sustainable Finance Cross-Agency Steering Group pledges support for the government’s Climate Action Plan 2050.

Market Infrastructure

EBA Clearing, SWIFT, TCH Collaborate on Cross-Border Payments

By Mark Johnston | 12/10/2021

A POC has been completed that uses existing payment systems in the US and Europe to achieve synchronised settlements in cross-border payments.

Market Infrastructure

Sri Lanka: CBSL Collaborates with Industry on Inward Remittances

By Duruthu E Chandrasekera | 12/10/2021

The central bank is working with banks, mobile operators, and government agencies to launch a new mobile app for inward remittances.

Market Infrastructure

ARRC Publishes Spread-Adjusted Fallback Recommendations

By Editors | 12/10/2021

The document provides a reference point for market participants to understand the ARRC’s current recommendations in relation to its fallback language.