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AML / KYC
MAS Consults on AML/CFT Notices for Payment Services
By Manesh Samtani | 07/06/2019
The first Notice covers account issuance, money transfers and money changing services. The second Notice sets out a separate framework for digital payment tokens.
Market Infrastructure
CPMI-IOSCO Paper on CCP Default Management Auctions
By Editors | 07/06/2019
The discussion paper describes the considerations CCPs take into account when planning and conducting default management auctions.
Market Infrastructure
RBI Publishes Payment Systems Benchmarking Report
By Editors | 06/06/2019
Further efforts are needed to reduce paper clearing and improve acceptance infrastructure (e.g. PoS devices) to enhance digital payments.
Market Infrastructure
FSB, IOSCO Issue Complementary Reports on Market Fragmentation
By Manesh Samtani | 06/06/2019
The FSB and IOSCO have separately published reports on market fragmentation as they seek to minimise its adverse effects on financial stability and market efficiency.
Market Infrastructure
Huatai Confirms Intention to Float London Depositary Receipts
By Editors | 06/06/2019
Huatai Securities reconfirming its intention to list depositary receipts on the LSE signals that the issues that delayed the Shanghai-London Stock Connect may now be resolved.
Market Infrastructure
Project Stella: DLT Can Improve Cross-Border Payment Security
By Editors | 06/06/2019
The BOJ-ECB phase three study says DLT can improve security in cross-border payments by using payment methods that synchronise payments and lock funds along the payment chain.
Fintech / Regtech
FSC Korea to Launch Open Data Infrastructure to Facilitate Innovation
By Editors | 05/06/2019
A new open data system will start providing anonymised credit information of two million people as sample data in June; and next year a financial data exchange will be launched.
Market Infrastructure
Finance Should be a Force for Good: MAS
By Garima Chitkara | 05/06/2019
Financial institutions need to build trust, inclusivity and sustainability in order to be a force for good, MAS managing director Ravi Menon said in a speech on Monday.
Market Infrastructure
FSB Consults on Measures to Improve G-SIB Resolvability
By Editors | 05/06/2019
Two discussion paper have been issued, one on public disclosures of information on resolution planning and resolvability, the other on winding down large derivatives portfolios.
Market Infrastructure
Managing Regulatory Change as a Business-as-usual Activity
By Rachel Woolley | 05/06/2019
By laying the groundwork, identifying key goals and developing processes, regulatory change management can be a business-as-usual activity, says Fenergo’s Rachel Woolley.
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