Payments & Settlements

Structural Regulation

Japan FSA Proposes to Open Access to Foreign Financial Services

By Thisanka Siripala | 08/11/2024

Currently, Japanese investors face certain restrictions when accessing foreign financial platforms. A proposed amendment will change this.

Payments & Settlements

BSP, Banque de France Sign MOU on Currency Operations

By Sanday Chongo Kabange | 08/11/2024

The MOU enables BSP and BdF to share best practices and expertise on currency management and operations, and cooperate on digital payments.

Tokenisation

Swift Payment Network Piloted for Tokenised Fund Settlements

By Editors | 07/11/2024

The pilot used the payment orchestration capabilities of existing Swift infrastructure to settle fund subscriptions and redemptions.

Payments & Settlements

New Project Nexus Entity to be Established in Singapore

By Editors | 07/11/2024

The new management entity will oversee the live implementation of the Nexus operational model, which involves linking instant payment systems.

Payments & Settlements

HKMA Sets Expectations for Banks on Handling ‘Autopay’ Arrangements

By Sanday Chongo Kabange | 06/11/2024

The circular addresses situations where a merchant has suspended operations or shut down while customers have active direct debit authorisations in place.

CBDCs

Seven Korean Banks to Start Testing Usage of Deposit Tokens

By Editors | 06/11/2024

The banks will establish wallets for users within the CBDC system and use them to issue deposit tokens, which the users can use to purchase goods and services.

Payments & Settlements

Taiwan Raises FX Settlement Limit for Individuals, Enterprises

By Editors | 05/11/2024

The foreign exchange settlement limit was raised from $5mn to $10mn for individuals and from $50mn to $100mn for enterprises.

Anti-Money Laundering

Regulation Asia Awards for Excellence 2024 – Results Announcement

By Editors | 05/11/2024

Regulation Asia held its 7th annual Awards ceremony on 4 November 2024. Here we announce the winners in each category.

Clearing & Post-Trade

BSEC Forms Committee to Explore Move to T+1 Settlement

By Editors | 04/11/2024

A move to T+1 is expected to benefit investors by increasing market liquidity and trading turnover while reducing settlement risk and broker defaults.