MARKET INFRASTRUCTURE

    Fintech / Regtech

    Singapore, India to Enable Real-time Cross-border Payments

    By Sanday Chongo Kabange | 15/09/2021

    The PayNow-UPI linkage will be implemented in July 2022, enabling faster and lower cost fund transfers between Singapore and India.

    Market Infrastructure

    Malaysia, Thailand Invite Banks to Become ‘Qualified ASEAN Banks’

    By Manesh Samtani | 15/09/2021

    The initiative is part of the April 2019 bilateral arrangement between BNM and BOT under the ASEAN Banking Integration Framework.

    Market Infrastructure

    China Pilots New Scheme to Plug Retirement Savings Gap

    By Sanday Chongo Kabange | 15/09/2021

    Four domestic banks will test wealth management products for one year in Wuhan, Qingdao, Chengdu and Shenzhen.

    Market Infrastructure

    ACCC Authorises Amalgamation of BPAY, eftpos, NPPA

    By Editors | 15/09/2021

    The ACCC said the merger will enable the three payment schemes to coordinate investment proposals, avoid duplicative spending, and likely result in public benefit.

    Market Infrastructure

    CLS, Global Banks Collaboration on PvP Settlement in FX Market

    By Editors | 14/09/2021

    Twelve global banks are participating in a pilot to evaluate potential PvP solutions for currencies that are not currently eligible for CLSSettlement.

    Market Infrastructure

    China to Develop Qianhai, Hengqin into GBA ‘Cooperative Zones’

    By Editors | 14/09/2021

    Qianhai in Shenzhen will be used to strengthen cooperation with Hong Kong while Hengqin in Zhuhai will serve to strengthen cooperation with Macao.

    Market Infrastructure

    Beijing Stock Exchange Issues Draft Listing Rules

    By Editors | 14/09/2021

    The draft rules cover issuance and listing rules, audit rules, and rules for refinancing and major asset reorganisations of listed companies.

    Market Infrastructure

    Philippine Banks Adopting Global Best Practices in FX Settlement

    By Jimmy Ho | 13/09/2021

    Jimmy Ho and Sammie Chan discuss Metrobank’s adoption of PvP settlement and how it reflects a broader trend in the Philippine banking industry.

    Big Picture

    Exchanges Can Help Minimise Broker-Dealer Operational Risk

    By Manesh Samtani | 13/09/2021

    A paper by Citadel Securities, NYSE, Nasdaq, MIAX, MEMX, and BOX says exchanges can provide an additional layer of protection on top of broker-dealers’ own risk controls.

    Market Infrastructure

    RBC Capital Markets to Launch FX Infrastructure in Singapore

    By Editors | 12/09/2021

    RBC says the new e-FX server and pricing engine was developed with support from MAS and will be launched by year-end.

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