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Big Picture
Industry Group Considers Options for Protecting Data at FMIs
By Editors | 23/09/2021
There is no standard approach to identifying the types of data that need to be protected, nor the manner in which that data should be protected.
Big Picture
CBDCs Theaten to Eat Into Banks’ Remittance Fees: Moody’s
By Ranamita Chakraborty | 20/09/2021
Fees and commissions banks charge for cross-border transactions will be reduced with wide adoption of CBDCs.
Market Infrastructure
Australia Appoints Inaugural Members to FRAA
By Editors | 15/09/2021
Nicholas Moore, ex-CEO of Macquarie Group, has been appointed as Chair of the Financial Regulator Assessment Authority, which will oversee ASIC and APRA.
Capital / Liquidity
APRA, RBA to Discontinue Committed Liquidity Facility
By Editors | 10/09/2021
APRA and the RBA consider there to be sufficient HQLA for banks to meet LCR requirements and for the foreseeable future without the need to utilise the CLF.
Market Infrastructure
RBA Asked to Require Banks to Provide Least-cost Routing Options
By Editors | 03/09/2021
Treasurer Josh Frydenberg has asked the RBA to consider mandating the issuance of dual-network debit cards for major and medium-sized banks.
Fintech / Regtech
BIS, Four Central Banks Partner to Test Cross-Border CBDC Use
By Sanday Chongo Kabange | 03/09/2021
The BIS Innovation Hub Singapore Centre will test CBDCs for international settlements with the RBA, MAS, BNM and SARB.
Market Infrastructure
GFXC Calls for Greater Transparency in Global FX Market
By Manesh Samtani | 24/08/2021
The GFXC is providing templates for disclosures on algo due diligence and TCA data, as well as disclosure cover sheets for liquidity providers and electronic trading platforms.
Market Infrastructure
ASX November Outage Caused By Hasty Trading System Launch
By Sanday Chongo Kabange | 23/08/2021
An independent review commissioned by ASIC and RBA found that ASX’s upgraded equity trading system was not ready to go-live.
APRA, RBA Propose to Update Reporting Standard for Loans, Leases
By Sanday Chongo Kabange | 18/08/2021
The changes are expected to be effective from 1 January 2022. Implementation of the November 2020 updates to ARS 720.1 will be delayed until then.
Market Infrastructure
GFXC Updates FX Global Code to Promote PvP Settlement
By Manesh Samtani | 27/07/2021
The changes place greater importance on the use of PvP settlement where available, and provide guidance on risk reduction where PvP settlement is not in use.
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