Market Infrastructure

Fintech / Regtech

BOJ Seeks Simple CBDC Design That Promotes Competition

By Editors | 17/10/2021

While the BOJ still has no plan to issue CBDC, the inability to ensure interoperability with other countries could create issues for Japan.

Market Infrastructure

PBOC Tightens Rules on Use of Payment Acceptance Terminals

By Mark Johnston | 17/10/2021

The geographical location of bank card and barcode payment acceptance terminals must be established and monitored to ensure consistency with the merchant’s registered location.

Market Infrastructure

APRA Concludes Pilot Risk Culture Survey With 10 Insurers

By Editors | 15/10/2021

Based on responses from almost 7,200 insurance employees, APRA found some of the lowest scores in risk governance and controls.

Market Infrastructure

JSCC Sets Date for Bulk Conversion of LIBOR Swaps

By Editors | 14/10/2021

Japan Securities Clearing Corporation will conduct a bulk conversion exercise during the weekend of 4–5 December to convert JPY LIBOR contracts to TONA contracts.

Market Infrastructure

More Than 100 Banks Sign On to Adopt ‘SWIFT Go’

By Editors | 14/10/2021

SWIFT Go is an instant cross-border payments service for SMEs and retail customers that was launched at seven banks in July.

ESG / Sustainability

TCFD Updates Guidance, Outlines Path for Future Reporting

By ESG Investor | 14/10/2021

Adoption of reporting framework bolstered by regulation and national commitments to mitigating climate risk, says status report.

Fintech / Regtech

PBOC Vows to Fill Gaps in FinTech Regulation

By Mark Johnston | 14/10/2021

Governor Yi Gang says the PBOC will continue to strengthen its supervision of fintech companies, while also improving policy transparency and predictability.

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.