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Payments & Settlements
RBI to Extend RTGS, NEFT Connectivity to Nonbanks
By Editors | 10/04/2021
Digital wallet providers and card networks will be able to directly connect to the RTGS and NEFT systems.
Structural Regulation
Shenzhen Stock Exchange Merges Main, SME Boards
By Sanday Chongo Kabange | 10/04/2021
The merger will enable companies to better leverage the capital market for growth and improve overall efficiency, the SZSE said.
Conduct, Culture & Accountability
Australian Court Orders Penalty Against CBA for Overcharged Interest
By Editors | 10/04/2021
CBA was ordered to pay A$7mn for a systems error that resulted in over 1,500 customers being charged a higher interest rate on overdraft accounts.
CBDCs
PBOC Starts Testing Digital Yuan in Hong Kong
By Sanday Chongo Kabange | 10/04/2021
Hong Kong residents participating in pilot tests can use the digital yuan for purchases in Shenzhen.
Market Data & Technology
HoSE Pledges to Launch New Trading System by Year-end
By Sanday Chongo Kabange | 10/04/2021
HoSE will use all available resources to accelerate implementation and make the new system operational within this year.
Structural Regulation
Shanghai Bourse Tightens Scrutiny Over Bond Issuance
By Sanday Chongo Kabange | 10/04/2021
The SSE has launched onsite inspections to bolster the quality of information disclosure and due diligence by underwriters.
Trading & Investment
SGX, NZX Sign Partnership on Dairy Derivatives
By Editors | 10/04/2021
NZX intends to delist its suite of dairy derivatives contracts from the NZX Derivatives Market and relist equivalent contracts on SGX.
Structural Regulation
Overseas Filipino Bank Obtains Digital Bank Licence
By Ranamita Chakraborty | 09/04/2021
Overseas Filipino Bank, formed as a policy bank to provide services to overseas Filipinos, has been granted a digital banking licence.
Structural Regulation
PBOC Finalises Standards for Financial Holding Company Executives
By Manesh Samtani | 08/04/2021
The regulations clarify the qualifications and filing procedures for directors, supervisors, and senior managers of financial holding companies.
Operational Risk
UPDATED – Bangladesh: Banks, Stock Exchanges Shorten Work Hours
By Editors | 08/04/2021
Banks were asked to carry out all transactions from 10am to 12.30pm during the lockdown and to only keep branches open until 2pm.
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