Reserve Bank of Australia chivvies banks on payments
by Graham Buck
The regulator accuses the country’s big four of dragging their heels on opening up the country’s New Payments Platform
Regulation & Tax
Twelve banks join Acin operational risk management platform
by Graham Buck
The regtech start-up said Credit Suisse, Standard Chartered and Société Générale are among the dozen to have signed up
Fitch: MMF reform has yet to extend to South Africa
by Graham Buck
Money market fund reform in North America and Europe hasn’t yet reached the country, as South Africa opts for a ‘wait and see’ approach
Swiss regulator fines five banks €90m for FX cartel
by Graham Buck
Traders at Barclays, JP Morgan, Citigroup, MUFG and Royal Bank of Scotland were found guilty of collusion by Weko.
Ford collides with China’s antitrust regulator
by Graham Buck
The US motor giant’s Changan unit is fined US$23.6m with warnings that a list of “unreliable” foreign businesses is being compiled.
Trump tax breaks ‘saved US corporations US$91bn’ in 2018
by Graham Buck
The Tax Cuts and Jobs Act passed in late 2017 cut the rate of corporate tax from 35% to 21%, but many companies reduced it further.
Europe’s financial institutions ambivalent on open banking
by Graham Buck
A survey by open banking platform Tink finds nearly two-fifths see regulation opening up the market as a major threat to their business
Strong customer authentication rules ‘may dent EU internet economy’
by Graham Buck
The new legislation risks making an impact of up to €150bn when it is introduced this September, warns Stripe.
India’s RBI issues liquidity management guidelines
by Graham Buck
The country’s central bank is proposing new rules for non-banking finance companies to help them deal with severe liquidity problems.
India’s SEBI encourages fintech start-ups
by Graham Buck
The Securities and Exchange Board of India published a raft of proposals to encourage the development of fledgling firms
Deutsche Bank charts ‘Amazonisation’ of securities post-trade
by Graham Buck
A white paper issued by the bank evaluates the progress of harmonisation initiatives and calls for uniform regulations.