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CBDCs
MAS, Banque de France Complete m-CBDC Experiment
By Sanday Chongo Kabange | 11/07/2021
The experiment showed the potential to reduce the number of correspondent banking parties involved in the payment chain for cross-border transactions.
Structural Regulation
Known Applicants for Malaysia Digital Bank Licences
By Ranamita Chakraborty | 11/07/2021
The applicant groups include Grab, Singtel, Axiata Digital, RHB Bank, iFAST Corp, Bangkok Bank, BigPay, Sea Group, AEON Credit Service, Pertama Digital, and others.
Data Privacy
China to Tighten Oversight of Overseas Listings
By Sanday Chongo Kabange | 08/07/2021
Chinese authorities will step up supervision of companies that list overseas to improve regulation of cross-border data flows and security.
Structural Regulation
Australia Commences New Debt Management Licensing Regime
By Ranamita Chakraborty | 08/07/2021
Providers of debt management services including debt negotiation or credit repair services must obtain a credit licence to continue operating.
Trading & Investment
Sri Lanka Seeks Global Partner to Develop Exchange in Port City
By Sanday Chongo Kabange | 08/07/2021
The Colombo Port City project is a joint venture between Sri Lanka and China to develop a service-oriented special economic zone.
Trading & Investment
Vietnam to Launch New Debt Trading Platform in Q3
By Ranamita Chakraborty | 07/07/2021
The platform will be set up and operated by Vietnam Asset Management Company, the government’s debt management arm.
Conduct, Culture & Accountability
APRA, ASIC Call on Super Trustees to Police Advice Fees
By Ranamita Chakraborty | 07/07/2021
Trustees should have in place processes and a robust assurance framework to ensure fee deductions from superannuation accounts are appropriate.
Trading & Investment
FSB Calls on Supervisors to Align LIBOR Messaging
By Manesh Samtani | 07/07/2021
Engagement with FIs regarding LIBOR transition planning has not yet started or had only just started in six FSB jurisdictions.
Data Privacy
Australian Treasury Proposes to Lower Barriers to CDR Participation
By Editors | 07/07/2021
Rule amendments include changes to reduce barriers to participate in open banking and increase participation in the CDR by data recipients and consumers.
Conduct, Culture & Accountability
SFC Bans Former Mason Securities Representative for 12 Months
By Editors | 07/07/2021
The licensed representative falsely declared that he provided risk disclosure statements to six clients when they opened accounts.
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