The new capability will improve transparency, shorten resolution time and reduce manual intervention to resolve issues that arise along the payments chain.
The Derivatives Service Bureau will be the sole issuer of UPI codes and operate the UPI reference data library, facilitating the use of OTC trade reporting data in assessing systemic risk.
CBIRC chairman Guo Shuqing says 12 new measures will soon be introduced to further open up China's financial sector to banks and insurers.
MAS and the Bank of Canada linked up experimental payment networks despite their being built on two different DLT platforms.
The proposals include an AML/CFT framework for VCCs requiring them to engage an eligible financial institution to perform the necessary checks.
The FSS will look into corporate governance, internal controls and consumer protection practices at KB Financial Group, KB Kookmin Bank and KB Securities, among others.
HKEX and the CSRC have agreed to allow listed companies with dual class shares to be included in the southbound Stock Connect trading starting in July.
The revisions will require superannuation licensees to review their performance, analyse member outcomes, and take action to address areas that require improvement.
The Philippine central bank has amended rules that previously prohibited the election and appointment of foreign nationals as directors and officers of financial institutions in the country.
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