Market Infrastructure

To effect the objectives of the Payment Services Act passed in January, MAS intends to prescribe new regulations for payment services licensees and significant payment systems.

NZX participants will no longer be required to maintain a reasonable belief that clients are non-US domiciled persons in order to trade on their behalf.

The HKMA has granted a fourth virtual bank licence to WeLab Digital, the first stand-alone company to receive the licence.

Close-out netting is the single most effective tool for reducing credit risk between counterparties, says ISDA chief Scott O'Malia, highlighting the ambiguity over its treatment in key jurisdictions.

The employee allegedly used a group supervisor's password to access the funds, which were used to buy apartment units in the US, Greece and Japan.

Digital Asset will help create a new reference code library that will simplify and standardise the process of generating lifecycle events defined in the ISDA Common Domain Model.

Bank of Thailand outlined a number of key initiatives with other ASEAN nations to increase regional connectivity in cross-border payments.

DTCC's pre-reporting solution can now determine – in real-time – the global cross-regulatory reporting implications and obligations for a particular transaction.

The RBI plans to speed up customer complaint processing and redressal times across all domestic payment platforms by end-June.

The RBA and Australian Payments Council have issued a consultation to help the industry agree on key strategic decisions for migrating the payment system to ISO 20022 by end-2024.