In light of the upcoming review, the government will pause a planned extension of APRA's performance tests beyond MySuper products for 12 months.
India's attitudes against isolating Russia arise from its strategic interests with Moscow and a long history as a recipient of sanctions, says Mathew Chemplayil.
A report from CPMI, BISIH, IMF and World Bank assesses the options for access to and interoperability of CBDCs, to ensure they improve cross-border payments.
A lawsuit filed by a former Celsius money manager says the company mismanaged customer funds, failed to perform basic internal auditing, and manipulated crypto-assets.
The changes are mainly to cater for banks' reporting of equity investments in funds in accordance with the requirements that came into effect on 1 July.
The mechanism allows international trades to be invoiced and settled using the rupee, enabling India to buy Russian oil without US sanctions exposure.
Four insurers will be awarded incentives based on their investment performance in each of three phases running until 30 June 2025.
The growing use of APIs and the adoption of ISO 20022 have opened up new possibilities for facilitating payment system interlinking, CPMI says.
The most prominent ML threats to banks come from fraud, corruption and tax crimes. The main ML threats to the crypto sector relate to fraud and theft.
The FSC intends to amend the Act to allow only exceptional cases of consumer solicitation, where consent is obtained from the customers in advance.
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