Australia intends to fully phase out the use of cheques by 2030, in line with the government’s strategic plan for the payments system.
Taiwan's central bank has completed a wholesale CBDC feasibility and technology study but has not yet decided whether to introduce a CBDC.
APRA said multiple reviews identified deficiencies in NGS' compliance with its standards on information security.
The consultations will deal with the standards for crypto assets, interest rate risk in the banking book, and window-dressing by G-SIBs.
The agreements include a cross-border e-CNY pilot, a possible PayNow-UnionPay linkage, and an MoU between SGX and GFEX.
The new legislation will require identity verification services to adhere to privacy and security standards and report breaches to the OAIC.
To protect the interest of depositors and ensure proper management, banks will be placed under four categories based on NPLs and CRAR.
The central bank is testing the CBDC for retail transactions, P2P transfers, interbank transactions, and cross-border payments.
28% of Korean listed companies have completed preparations to adopt the new dividend payment process, which better aligns with global standards.
The IA is consulting on two subsidiary rules to tie in with the implementation of a risk-based capital regime for insurers set to commence next year.
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