Market Infrastructure
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335NPP Australia Unveils Roadmap for New Payments Capabilities
Editors, Regulation Asia October 30, 2019The roadmap includes the development of new structured data capabilities, third party payment initiation, and the ability to link regular payments to a mobile number.
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1.0KHKMA Stresses Consumer Protection Ahead of Open Banking Phase II
Editors, Regulation Asia October 30, 2019The HKMA outlines its expectations for the consumer protection practices financial institutions should adopt for Open API Phase II and beyond.
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868LEI Use in Onboarding Could Save Banks Up to $4bn Annually
Editors, Regulation Asia October 30, 2019In addition to cost savings, LEI use in client onboarding would speed up time to revenue, improve compliance and credit risk mitigation, and enable better tracking of suspicious entities.
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229APRA to Delay Launch of New Data Collection Solution
Editors, Regulation Asia October 30, 2019APRA is reviewing its implementation approach due to the complexity and significant burden of migrating all existing collections to the new solution.
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447A Liquid Global Swaps Market Relies on Deference: CFTC’s Quintenz
Manesh Samtani, Regulation Asia October 29, 2019Market fragmentation poses serious risks to the liquidity and health of the derivatives markets, said CFTC commissioner Brian Quintenz at the ISDA Annual Japan Conference.
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259Trade Woes Prompt Easing of China’s Forex Rules
Editors, Regulation Asia October 29, 2019SAFE will ease controls on equity investment from non-investment foreign firms, among 12 measures to help draw overseas funds into the domestic market and facilitate cross-border trade.
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185New Zealand Delays Start of New Licensing Regime
Editors, Regulation Asia October 28, 2019The start date is being delayed to coincide with the date new regulations needed for transitional licensing take effect.
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451BOT Solicits Comments on Draft ‘Thailand FX Code’
Editors, Regulation Asia October 27, 2019The BOT invites wholesale FX market participants to comment on a draft 'Thailand FX Code' by 25 November.
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547BOJ Warns of Financial Risks from Easy Lending, CLO Exposures
Manesh Samtani, Regulation Asia October 25, 2019The BOJ warns of a buildup of risks from lending to “low-return borrowers”, delayed loan restructuring, and overseas exposures to leveraged loans and CLOs.
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5551Regulatory Data: Arrows for the Quiver?
Hannah Cassidy, Herbert Smith Freehills and Emily Rumble, Herbert Smith Freehills October 25, 2019Banks need to be cognisant of how the data they provide to regulators is being used, says Herbert Smith Freehills in its 2019 Global Bank Review.
