Payments & Settlements

    Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.

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    Clearing & Post-Trade

    France Advocates for Coordinated Approach to T+1 Transition

    By Ranamita Chakraborty | 28/07/2024

    AMF and Banque de France call for a “two-phased approach” to the transition, emphasising close cooperation with the UK and Switzerland.

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    PEPs & Sanctions

    EU Disburses First Funds Generated from Frozen Russian Assets

    By Editors | 27/07/2024

    The €1.5bn instalment will be used to support Ukraine, in line with an EU-wide agreement on how profits generated from frozen Russian central bank assets can be used.

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    Trading & Investment

    PBOC, SAFE Simplify Requirements Under QFII, RQFII Regime

    By Manesh Samtani | 27/07/2024

    QFII and RQFII registration, FX management, and account management requirements have been simplified to ease access for foreign investors.

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    Payments & Settlements

    BSP Introduces Framework for Merchant Payment Activities

    By Sanday Chongo Kabange | 26/07/2024

    The framework sets out regulatory requirements for operators of payment systems that engage in merchant payment acceptance activities.

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    CBDCs

    Philippines: BSP to Conclude CBDC PoC by Year-end

    By Nithya Subramanian | 26/07/2024

    Testing of the DLT and wCBDC tokenisation is complete. Two test runs of sandbox experiments are now being conducted.

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    Clearing & Post-Trade

    Australia Explores Benefits of Central Clearing for Bond, Repo Markets

    By Sanday Chongo Kabange | 26/07/2024

    The CFR says changes in the size and structure of the Australian bond and repo markets may have strengthened the case for introducing central clearing.

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    Payments & Settlements

    Russia Progresses Bill to Allow Foreign Banks to Open Branches

    By Editors | 26/07/2024

    The bill would enable foreign banks to open branches in Russia which they could then use to settle cross-border payments.

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    KYC & CDD

    RBI Revises Framework for Domestic Money Transfer Services

    By Ajoy K Das | 25/07/2024

    The revisions tighten KYC record keeping, AFA validation and transaction message requirements for domestic money transfers.

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    Payments & Settlements

    Philippines Launches Automated Intraday Settlement Facility

    By Sanday Chongo Kabange | 24/07/2024

    The facility will provide liquidity to ensure payments flow smoothly through the RTGS system, known as PhilPaSSplus.

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    Cryptocurrency

    BOK Amends Rules to Enable Data Collections from VASPs

    By Manesh Samtani | 24/07/2024

    VASPs will be required to submit business reports to BOK every quarter, as well as other information if requested by the central bank.

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