All posts tagged "RBA"
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316Australia & NZAustralia Issues Follow-up Paper on ISO 20022 Migration for Payments
The paper summarises the responses from the April consultation and puts forward potential implementation options for consideration.
September 14, 2019 -
535AML / KYCAustralia Records Decline in Payment Fraud Rates
AusPayNet’s latest data shows a decline in the overall rate of card fraud for 2018, alongside slower growth in online fraud.
August 9, 2019 -
517Australia & NZNPP Australia Responds to RBA on Platform Access, Functionality
Effective immediately, NPP Australia has established a mandatory compliance framework allowing it to designate core capability requirements and enforce compliance through non-compliance charges.
August 1, 2019 -
521Australia & NZ
RBA Policy Shift Opens Australian Payments Market to Tech Firms
An RBA policy update will make it easier for fintechs – and so-called BigTechs – to enter Australia's payments system without having to obtain a banking licence.
July 31, 2019 -
584AML / KYCFATF Finalises AML/CFT Guidance for Service Providers
New guidance for legal, accounting, and trust and company services professionals highlights the importance of identifying and verifying beneficial ownership information through due diligence.
July 1, 2019 -
574Australia & NZ
Australian Fintechs Says Banks Are Delaying NPP Adoption
Earlier this month, the RBA called for an enforceable sanctions regime and possible financial penalties for participants that do not deliver core NPP capabilities on time.
June 27, 2019 -
969Featured ArticlesSFTR: An Opportunity to Upgrade, Automate
DTCC's Val Wotton and Oliver Williams explain the challenges SFTR presents in Asia, and how firms can best prepare in the lead-up to implementation starting in April 2020.
June 17, 2019 -
1.1KAML / KYCHKMA Sets Out AML/CFT Best Practices for SME Onboarding
A thematic review has concluded that authorised institutions have in general applied the risk-based approach to AML/CFT measures, but there is room for improvement.
June 17, 2019 -
481Australia & NZ
RBA Proposes Financial Penalties for Slow NPP Adoption
The RBA recommends the introduction of an enforceable sanctions regime and possible financial penalties for NPP participants that do not support core capabilities within a specific period of time.
June 14, 2019 -
456Australia & NZ
RBA Says Banks Can Hold More Govt Securities to Meet LCR
Banks can increase the proportion of government securities they hold to meet prudential liquidity requirements.
June 10, 2019
