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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
Australia Releases New Details on “Payday Super” Reforms
By Thisanka Siripala | 20/09/2024
Employers will have 7 days from payday to make employee super contributions. Super funds will have 3 business days to allocate those contributions.
Trading & Investment
Hong Kong Market Will Stay Open During Typhoons Starting Monday
By Manesh Samtani | 20/09/2024
Market participants accounting for 99.9% of the securities market and all derivatives participants have declared they are fully prepared for the reform.
Structural Regulation
India to Introduce Centralised Fee Collection Platform for IAs, RAs
By Ajoy K Das | 19/09/2024
The platform will provide an optional mechanism for investment advisers and research analysts to collect fees from clients.
Payments & Settlements
China, Maldives Sign MoU on Local Currency Trade Settlement
By Editors | 19/09/2024
The MoU establishes a framework for the settlement of current account transactions and direct investments using local currencies.
Clearing & Post-Trade
US Move to T+1 Settlement Cycle Declared a Success
By Thisanka Siripala | 17/09/2024
Despite earlier fears, SIFMA, ICI and DTCC said there was no increase in failed trades, operational glitches or FX settlement issues following the transition.
Tokenisation
More Than 40 Private Sector Firms Join BIS Project Agora
By Manesh Samtani | 17/09/2024
Seven central banks will work with more than 40 financial firms to explore how tokenisation can enhance wholesale cross-border payments.
Clearing & Post-Trade
Hong Kong, Macao to Establish Bond Market Infrastructure Link
By Sanday Chongo Kabange | 17/09/2024
Investors in Hong Kong and Macao will be able to clear, settle and hold bonds in each other’s markets using their existing home market infrastructure.
Payments & Settlements
SRS Funds Processing Goes Live on Singapore’s New Funds Infrastructure
By Manesh Samtani | 17/09/2024
The Fundnode platform aims to reduce settlement times for the Singapore funds industry from T+7 to T+2.
Structural Regulation
Sri Lanka Approves Offshore Banking Rules for Special Economic Zone
By Ajoy K Das | 17/09/2024
7 local banks and 3 international banks are reported to be in talks to establish offshore banking units in the Colombo Port City Special Economic Zone.
Fraud, Scams & Cybercrime
Singapore Probes Payment Delays at E-Commerce Platform
By Nithya Subramanian | 16/09/2024
After Qoo10 failed to pay merchants in South Korea, there are reports of payment delays also affecting small vendors in Singapore.
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