Markets & Infrastructure

Payments & Settlements

JP Morgan Blockchain-based Payments Platform Gains Traction

By Manesh Samtani | 01/10/2018

The Interbank Information Network (IIN) now has 76 participating banks; it seeks to use blockchain tech to reduce the time correspondent banks spend responding to inquiries that delay payments.

Alternative Markets

S. Korea to Level Playing Field for Domestic PE Funds

By Manesh Samtani | 01/10/2018

The FSC plans to ease rules that are said to limit the shareholder rights of domestic private equity funds and put them on even footing with foreign funds.

Structural Regulation

China Tightens Rules on Offshore Operations of Brokerages, Funds

By Garima Chitkara | 01/10/2018

Brokerages and fund houses should ensure a “concise and transparent” network of overseas subsidiaries and ensure foreign units focus on the core business and not conduct any non-financial business.

Payments & Settlements

MAS Publishes User Protection Guidelines for E-Payments

By Manesh Samtani | 01/10/2018

The guidelines establish a common baseline protection from losses arising from isolated unauthorised or erroneous electronic payment transactions.

Supervision & Enforcement

Australian Financial Sector Condemned in Royal Commission Interim Report

By Manesh Samtani | 01/10/2018

The report says financial institutions have had free reign to pursue their own interests at the expense of customers and regulators have been ineffective in policing their behaviour.

Payments & Settlements

UPDATED – SBI-Ripple JV Receives E-Payments Regulatory Approval

By Garima Chitkara | 28/09/2018

In Japan, SBI Ripple Asia’s new MoneyTap app will enable real time payments through bank accounts, phone numbers and QR codes.

Payments & Settlements

Thailand’s Kasikornbank Joins Visa in Blockchain Payments Pilot

By Editors | 27/09/2018

Visa B2B Connect uses blockchain tech to enable faster, simpler and more secure processing of payments between participating banks on behalf of corporate clients.

Clearing & Post-Trade

ASX Announces JP Morgan Launch of Agency Clearing Service

By Editors | 27/09/2018

Australian-domiciled clients will be able to keep AUD and NZD cleared derivatives within a single clearing house and legal construct, while leveraging local ASX infrastructure.

Trading & Investment

China Seeks to Boost Interbank Bond Issuances by Foreign Institutions

By Editors | 27/09/2018

PBOC and MOF have issued guidelines clarifying the requirements for foreign governments and institutions issuing interbank bonds in China.