Market Infrastructure

Market Infrastructure

RBA Considers Mandating ‘Least Cost Routing’ – Reports

By Editors | 07/02/2020

Forcing banks to route payments through EFTPOS rather than Visa or Mastercard could save retailers an estimated A$500mn a year.

Market Infrastructure

US, Singapore Jointly Declare Opposition to Data Localisation

By Editors | 06/02/2020

The US and Singapore support allowing financial service suppliers to transfer data across borders and oppose generally applicable data localisation requirements.

Fintech / Regtech

ACCC Publishes Final Data Sharing Rules for Open Banking

By Editors | 06/02/2020

The Consumer Data Right Rules give legislative force to consumer requests for banks to share their data with accredited data recipients.

Market Infrastructure

ISDA to Re-consult on Pre-cessation Fallbacks This Month

By Editors | 06/02/2020

ISDA will consult on a single protocol that would allow participants to include both pre-cessation and permanent cessation fallbacks in derivatives trades.

ESG / Sustainability

MAS to Broaden Range of Climate Risks Included in Stress Tests

By Editors | 05/02/2020

The current priority is to collect climate-related data and understand how it impacts FIs in order to conduct a proper stress test, says MAS board member Ong Ye Kung.

Market Infrastructure

World Federation of Exchanges Sets Out 2020 Priorities

By Editors | 04/02/2020

In 2020, the WFE will focus its work on the role of exchanges in creating data, the role of CCPs in ensuring systemic safety, and ESG issues.

Market Infrastructure

New Zealand Consults on Options to Increase FMA Funding

By Editors | 03/02/2020

Under the base case, the FMA needs an additional NZ$20mn in annual funding to respond to cost pressures brought on, in part, by the new financial advice regime.

Fintech / Regtech

Cambodia to Launch CBDC-based Payment System

By Editors | 03/02/2020

The new payment system expected to launch in the coming months has the support of 11 banks so far, and will operate using a quasi-CBDC known as ‘Bakong’.

Market Infrastructure

ESMA Consults on New Standards for Third-Country Investment Firms

By Editors | 03/02/2020

The new Investment Firms Regulation (IFR) and Directive (IRD) will require third-country firms providing investment services and activities in the EU to report granular information to ESMA.