Markets & Infrastructure

Payments & Settlements

India’s NPCI Launches Payment Authorisation Tech Challenge

By Editors | 10/02/2021

Fintechs, solution providers and developers are invited to submit unique solutions that can simplify payment authorisations for the UPI.

Liquidity Risk

PBOC Directs Regional Banks to Only Seek Local Customers

By Editors | 10/02/2021

The PBOC told regional banks to focus on serving local customers and to not accept deposits from customers outside their regions.

Reporting & Disclosures

CSRC Proposes Enhanced Investor Relations Management Rules

By Editors | 10/02/2021

The guidelines emphasise four principles of investor relationship management, and include an obligation for listed companies to disclose ESG information to investors.

Market Data & Technology

Bursa Malaysia, Alliance Bank Establish Data Partnership to Help SMEs

By Editors | 10/02/2021

Bursa’s datasets and analytics capabilities will enable Alliance Bank to identify issues at SMEs and proactively recommend relevant solutions and advise on financing.

Payments & Settlements

PayNow Now Available on GrabPay, Singtel Dash, Liquid Pay

By Editors | 10/02/2021

The Association of Banks in Singapore says PayNow has been made available to non-bank financial institutions for the first time since its launch in 2017.

Structural Regulation

G-SIBs to Spend Over $100m on IBOR Budget in 2021: EY

By Manesh Samtani | 09/02/2021

Banks of all sizes felt most of their budget would be spent on technology, followed by legal contract repapering. A shortage of legal resources remains a clear risk.

Structural Regulation

HKEX Appoints JP Morgan’s Nicolas Aguzin as New CEO

By Manesh Samtani | 09/02/2021

Aguzin is expected to help HKEX continue to build its competitiveness and support the ongoing growth and development of Hong Kong’s financial markets.

Trading & Investment

RBI Allows Indian Residents to Open GIFT City Accounts

By Editors | 09/02/2021

Funds deposited in GIFT City foreign currency accounts by Indian residents can only be used for investment purposes and not for spending.

Conduct, Culture & Accountability

CBIRC Issues Rules on Evaluating Performance of Bank Directors

By Editors | 09/02/2021

Banks and insurers have to evaluate the performance of their directors and supervisors each year and classify them as “competent”, “basically competent” or “incompetent”.