Market Infrastructure

Market Infrastructure

Taiwan FSC Outlines Bank Examination Priorities for 2020

By Editors | 26/12/2019

The FSC’s Financial Examination Bureau will reportedly focus on compliance with rules on AML, corporate governance, information security, consumer protection and personal data protection.

Market Infrastructure

ASIC, APRA Issue Updates on Governance, Accountability

By Editors | 25/12/2019

The updates are a response to the Royal Commission, which called on both regulators to reform their internal accountability frameworks to reflect requirements prescribed by BEAR.

Market Infrastructure

PayPal Obtains Online Payments Licence in China

By Editors | 24/12/2019

PayPal’s acquisition of a majority stake in Gopay gives it access to licences that allow it to offer online, mobile and cross-border renminbi payments.

Market Infrastructure

Macau Banks Encouraged to Set Up on Mainland: CBIRC

By Editors | 24/12/2019

China has unveiled a raft of policies to increase financial cooperation with Macau, largely seen as a reward for the city’s adherence to ‘One Country, Two Systems’.

Market Infrastructure

Amundi-BOC Wealth Management JV Wins CBIRC Approval

By Editors | 23/12/2019

The joint venture is expected to launch during the second half of 2020. Amundi will own a 55% stake while BOC Wealth Management will own the other 45%.

Market Infrastructure

Governance, Accountability in Focus in Phase Two Review of RBNZ Act

By Editors | 23/12/2019

The government will progress a number of key ‘in-principle’ decisions of the review by enacting two separate Acts to replace the Reserve Bank of New Zealand Act 1989.

Market Infrastructure

ASIC Reports High Levels of FX Global Code in Wholesale Markets

By Editors | 23/12/2019

In a new report, ASIC highlights its observations of good and poor practices used by participants operating in the wholesale foreign exchange market.

Market Infrastructure

ASIC Issues Draft Guidance on Product Design Obligations

By Editors | 21/12/2019

From April 2021, design and distribution obligations will require issuers to focus on meeting consumer needs when designing, marketing and distributing financial products.

Market Infrastructure

Indonesia Integrates Nine Bank Reports into Single Mechanism

By Editors | 20/12/2019

The integration aims to minimise redundant and inconsistent information, while simultaneously improving bank operational efficiency and the quality of reported data.