The FSS will develop billing standards and retroactively calculate fees MyData service providers will have to pay in 2024 for their usage in 2023.
January 17, 2023The new service allows financial consumers to suspend payments from all of their accounts at banks and non-banks at once.
January 4, 2023The ACCC said ING Bank was not capable of receiving consumer data requests from accredited data recipients within the required timelines.
December 19, 2022The banking industry will be the first sector in New Zealand to implement a Consumer Data Right mechanism, like in Australia.
November 17, 2022The CDR sandbox will reduce the time and cost firms spend trying to become active CDR participants and updating their CDR offerings.
July 25, 2022The committee is expected to ease rules for banks on investments in non-financial businesses, improve ESG disclosure rules, overhaul capital markets infrastructures.
July 21, 2022This is the first infringement notice the ACCC has issued for an alleged breach of the CDR rules as BOQ pays penalty.
July 14, 2022Stablecoins and CBDCs may not offer advantages over innovations that are built on top of or aim to improve existing financial plumbing.
May 28, 2022Thailand's banking, securities, insurance and data protection authorities have signed a supervisory cooperation MoU ahead of the 1 June implementation of the new PDPA.
May 9, 2022The BOT has issued guidelines on how firms should charge interest, service fees and penalties for financial products and services.
April 6, 2022