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Payments & Settlements
Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.
Structural Regulation
US Publishes First Ever National Strategy on Financial Inclusion
By Editors | 01/11/2024
The strategy calls on FIs to help consumers open transaction accounts, expand credit access for underserved communities, and help consumers build retirement savings.
Cryptocurrency
MAS Grants In-Principle Approval to Crypto Firm Gemini
By Nithya Subramanian | 01/11/2024
The licence will allow Gemini to provide cross-border money transfers and digital payment token services in Singapore.
Structural Regulation
MPFA Will Work to Achieve “Full Portability” of MPF Benefits
By Sanday Chongo Kabange | 31/10/2024
MPFA’s Ayesha Lau says “full portability” will give employees greater autonomy in MPF management and invigorate competition in the MPF market.
Clearing & Post-Trade
ICMA Publishes Guide to Australian Repo Markets
By Editors | 31/10/2024
The Australian repo market has growth 75% from 2021 to mid-2024, driven by increased market participants, wider collateral use, and more active dealer trading.
Clearing & Post-Trade
French, German Banks to Extend Dealings With Indian CCPs
By Editors | 31/10/2024
At the same time, French and German regulators have asked their banks to consider alternate arrangements with local lenders.
CBDCs
BOCHK Becomes First Bank to Use mBridge to Automate Remittances
By Sanday Chongo Kabange | 30/10/2024
BOCHK says it has completed the first fully automated cross-border remittance via mBridge and will continue to do so for selected corporate customers.
Payments & Settlements
BSP Partners German State Firm on Currency Management
By Sanday Chongo Kabange | 29/10/2024
The BSP said it will work with Bundesdruckerei GmbH on currency management and digital payments infrastructure.
Payments & Settlements
BIS and APAC Central Banks Release Results of Project Mandala
By Sanday Chongo Kabange | 29/10/2024
Project Mandala demonstrated that jurisdiction-specific regulatory requirements can be embedded in cross-border transaction protocols.
Tokenisation
HKMA Establishes Tokenisation Partnerships with Thailand, Brazil
By Sanday Chongo Kabange | 29/10/2024
The HKMA will collaborate with the central banks of Thailand and Brazil to explore cross-border tokenisation use cases, leveraging the Project Ensemble sandbox.
Tokenisation
HK Bank Completes ‘First-of-its-Kind’ Sandbox Test Using Tokenised Deposits
By Sanday Chongo Kabange | 29/10/2024
The simulation covered trading of the tokenised fund unit for its institutional clients and cross-bank settlement using tokenised deposits.
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