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.