The following are our selection of key industry news around the world from our Monday Morning Meeting: The US Federal Reserve has revised its qualitative test to no longer fail banks based on operational or risk management lapses in the next stress test The management board of Deutsche Bank has confirmed that they will hold talks with Commerzbank over a possible merger The People's Bank of China has ordered domestic banks to separate their wealth management business in an effort to tighten regulations MUFG is one of the first Japanese banks to start phasing out the requirements for a hanko stamp to validate transactions, in favour of digital processing African lender Absa Group has restructured its corporate and investment banking unit to become more focused in its local operations The Saudi Arabian Monetary Authority (SAMA) and the UAE Central Bank (UAECB) have launched Aber, a common digital currency which will allow both countries to transfer and remit with each other through distributed ledger technology The State Bank of India has announced its ongoing application to join the SWIFT gpi The Land Transport Authority of Singapore will launch Simplygo in April, which will allow certain contactless bank card users to pay for their public transport rides using the same cards Bank of Ayudhya (Krungsri) has launched its facial recognition technology for e-KYC, laying claim to be the first in the country to do so Commonwealth Bank of Australia's Matt Comyn has announced that the bank will end all fees-for-no-service charges, and will be among the bank executives to face parliament questioning for alleged bad bank practices
