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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.
Payments & Settlements
FSB Proposes Measures to Address Cross-border Payment Frictions
By Manesh Samtani | 17/07/2024
Two new FSB reports offer policy recommendations to address legal, supervisory and regulatory frictions in cross-border payments.
Payments & Settlements
Korea, Indonesia Sign Cross-border Payments MoU
By Editors | 16/07/2024
The MOU will support the implementation of cheaper, faster, more inclusive, and more transparent cross-border payments between the two countries.
CBDCs
World Bank Paper Explores Interoperability Between CBDC and FPS
By Editors | 16/07/2024
The paper says internal experimentation demonstrated how CBDC systems could interoperate with retail payment systems through an interlinking bridge.
Trading & Investment
China Calls on FIs to Boost Cross-Border Trade and Investment
By Editors | 16/07/2024
New guidelines from MOFCOM, PBOC, NFRA and SAFE call on FIs to provide greater support for foreign trade and investment activities.
Clearing & Post-Trade
EU Plans to Move to T+1 Settlement Cycle in 2027: Report
By Nithya Subramanian | 12/07/2024
In a poll conducted at a meeting hosted by ESMA, close to 70 per cent of respondents advocated for the switch to occur in 2027.
Payments & Settlements
RBI Further Opens GIFT City Banking to Indian Residents
By Ajoy K Das | 12/07/2024
The change is expected to contribute to developing GIFT City’s banking environment and boost business prospects for the financial hub.
Payments & Settlements
Australia, US to Help Boost Correspondent Banking in Pacific
By Manesh Samtani | 11/07/2024
Australia pledged A$6.3mn in funding to help counter the decline in correspondent banking services in the Pacific.
Payments & Settlements
Bangladesh Bank Issues Rules for Digital Payments Platform
By Ajoy K Das | 11/07/2024
The platform supports the use of virtual IDs to protect entities from crimes such as identity theft, extortion and fraud.
Trading & Investment
GFEX Unveils Plans to Introduce Platinum, Palladium Futures
By Editors | 10/07/2024
Guangzhou Futures Exchange’s new contracts will provide mechanisms for price discovery and hedging for platinum and palladium.
Clearing & Post-Trade
China to Allow CGBs as Collateral for Swap Connect
By Manesh Samtani | 09/07/2024
OTC Clear plans to start accepting China Government Bonds and Policy Financial Bonds as collateral for Swap Connect by year end.
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