The roadmap includes the development of new structured data capabilities, third party payment initiation, and the ability to link regular payments to a mobile number.
The HKMA outlines its expectations for the consumer protection practices financial institutions should adopt for Open API Phase II and beyond.
In 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.
APRA is reviewing its implementation approach due to the complexity and significant burden of migrating all existing collections to the new solution.
Market fragmentation poses serious risks to the liquidity and health of the derivatives markets, said CFTC commissioner Brian Quintenz at the ISDA Annual Japan Conference.
SAFE 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.
The start date is being delayed to coincide with the date new regulations needed for transitional licensing take effect.
The BOT invites wholesale FX market participants to comment on a draft 'Thailand FX Code' by 25 November.
The BOJ warns of a buildup of risks from lending to “low-return borrowers”, delayed loan restructuring, and overseas exposures to leveraged loans and CLOs.