Market Infrastructure

Fintech / Regtech

Bangladesh Cabinet Approves Bill on Payments Supervision

By Editors | 13/03/2021

The bill is aimed at providing additional safeguards against fraud, allowing Bangladesh Bank to monitor all electronic payments and penalise violations.

Market Infrastructure

Vietnam Works to Address System Overloads at HoSE

By Sanday Chongo Kabange | 13/03/2021

Industry body VAFI is calling for new management at HoSE. Meanwhile, HNX is setting up a new board to absorb HoSE-listed companies to ease market overload issues.

AML / KYC

Addressing Financial Crime Through Data-driven Compliance

By Heather Lee | 13/03/2021

Given the rapid growth of digital technologies in financial services, the most effective way to defeat financial criminals today is to ‘follow the data’, says SWIFT’s Heather Lee.

Enforcement

ACCC Accepts Visa Commitment to Address Competition Concerns

By Editors | 11/03/2021

Visa is legally bound to ensuring that merchants will not pay higher processing costs if they process debit card payments through eftpos rather than the Visa network.

Market Infrastructure

APRA to Adopt New Consultation Approach to Data Collection

By Manesh Samtani | 11/03/2021

APRA plans a consultation process that will allow it to design its data collections in a way that will minimise friction and reduce the regulatory burden of regulated entities.

Big Picture

The ESG Interview: Asia Plots its Own Path

By ESG Investor | 11/03/2021

Mercer’s Alexis Cheang sees parallels and differences in the approaches of the region’s asset owners and policy-makers.

Market Infrastructure

LIBOR Transition: Derivatives Market Has Clarity: ISDA

By Manesh Samtani | 11/03/2021

The FCA’s recent announcement has provided clarity on the future of all LIBOR settings. But, derivatives market participants still have work to do.

Market Infrastructure

BOJ, FSA Urge FIs to Push Forward LIBOR Transition

By Manesh Samtani | 09/03/2021

The regulators say the transition must continue without reliance on a potential synthetic JPY LIBOR, which would be restricted to tough legacy contracts even if published.

Market Infrastructure

HKMA Issues Guidance for Bond Connect FX Settlement Banks

By Editors | 09/03/2021

Hong Kong FX Settlement Banks should ensure that FX conversion and hedging transactions arise from “genuine and reasonable” Bond Connect investment needs.