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Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.
Clearing & Post-Trade
India Plans Electronic Platform for Bond Forward Trades
By Nithya Subramanian | 08/05/2026
CCIL is developing a platform for bond forwards to improve transparency and risk management in the largely over-the-counter market.
AI Risk & Governance
India’s NPCI Explores Agentic AI to Reduce UPI Compliance Burden
By Nithya Subramanian | 08/05/2026
NPCI is exploring an agent-to-agent AI model to reduce compliance certification for banks and fintechs from weeks to days.

Payments & Settlements
HKMA Launches Cargo-x Pilot to Digitalise Trade Finance
By Sanday Chongo Kabange | 08/05/2026
The programme, involving 21 banks, will test use cases for cargo and trade data to improve SME access to financing.

Liquidity Risk
Indonesia Unveils Seven-Point Plan to Defend Rupiah
By Nithya Subramanian | 08/05/2026
The measures include intensified market intervention and a lower limit for dollar purchases without underlying documents to curb speculation.

Structural Regulation
RBI Overhauls Forex Rules, Halts New Money Changer Licences
By Nithya Subramanian | 08/05/2026
India’s central bank has rationalised its framework for authorised persons, introducing new dealer categories and phasing out money changers and franchisee arrangements.

Payments & Settlements
CPMI Chair Urges National Action to Avert Payments Fragmentation
By Manesh Samtani | 06/05/2026
Fabio Panetta calls on jurisdictions to develop national action plans to fix cross-border payments, warning that geopolitical rivalry threatens to fragment the global system.

AI Risk & Governance
BOK Governor Puts AI, Digital Won at Centre of New Agenda
By Mark Johnston | 06/05/2026
The move is part of new governor Hyun Song Shin's broader push for a revamped financial stability framework, digital innovation, and structural reform.

Emerging Prudential Risks
ASEAN+3 to Bolster Financial Safety Net Amid Rising Risks
By Manesh Samtani | 05/05/2026
Ministers and governors have endorsed a roadmap for a paid-in capital structure for the CMIM and new work on cross-border digital payments.

Payments & Settlements
ASEAN+3 to Deepen Dialogue on Cross-Border Payments, Stablecoins
By Nithya Subramanian | 05/05/2026
The new process will focus on retail and wholesale payment linkages, while addressing regulatory fragmentation and stablecoin risks.

Payments & Settlements
CPMI Publishes Paper for Navigating ISO 20022 Migration Journey
By Manesh Samtani | 05/05/2026
Although Swift has retired legacy MT payment messages, some market infrastructures have not yet fully adopted ISO 20022 for cross-border payments.
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