Harmonised ISO 20022 Data Requirements to Enhance Cross-border Payments

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The Reserve Bank welcomes the publication today of harmonised ISO 20022 data requirements for cross-border payments by the Bank for International Settlements’ Committee on Payment and Market Infrastructures (“CPMI ISO 20022 data requirements”). The Reserve Bank believes that global adoption of the CPMI ISO 20022 data requirements will help to reduce inefficiencies in the processing

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Consob provisions regarding securitisations adopted

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A seguito della pubblica consultazione con il  mercato conclusasi il 16 maggio scorso la Commissione ha adottato le Disposizioni di attuazione dell’articolo 4-septies.2, del Testo Unico della Finanza -  Tuf  al fine di: (i) disciplinare, nei margini consentiti dalla legislazione europea direttamente applicabile, la notifica delle operazioni di cartolarizzazione alla Consob e i requisiti organizzativi

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Designation of Canada’s single external complaints body for banking 

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Ottawa October 17, 2023 Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the designation of the Ombudsman for Banking Services and Investments (OBSI) to serve as Canada’s single external complaints body for banking. The designation is based on the recommendation of the Financial Consumer Agency of Canada (FCAC), following an

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ESMA encourages preparations for a smooth transition to MiCA

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The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today publishes a letter and a statement to encourage preparations for a smooth transition to MiCA. In the letter addressed to the Economic and Financial Affairs Council (ECOFIN), ESMA Chair, Verena Ross, calls on Member States to designate without delay the

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