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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    Cloud & Infrastructure

    HKMA, IA Launch Open API Framework Linkage

    By Sanday Chongo Kabange | 08/07/2024

    The new linkage seeks to enhance the mutual adoption of APIs for use cases across the banking and insurance sectors.

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    Payments & Settlements

    Russia, Iran Integrate National Payment Systems

    By Editors | 08/07/2024

    Work to link Russia’s MIR network and Iran’s Shetab has been finalised. Agreement also signed on use of national currencies.

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    Clearing & Post-Trade

    SEBI Proposes Collateral Norms for Clearing Corporations

    By Ajoy K Das | 05/07/2024

    SEBI said interest income derived from collateral posted should be periodically distributed to clearing members.

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    Payments & Settlements

    RBI Proposes Rationalisation of Export-Import Transactions

    By Ajoy K Das | 05/07/2024

    The proposed regulations will promote ease of doing business for exporters and empower authorised dealer banks to provide more efficient service.

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    Payments & Settlements

    BSP Ramps Up Financial Inclusion Efforts

    By Sanday Chongo Kabange | 05/07/2024

    The BSP will explore open finance use cases to enhance financial inclusion efforts and get more citizens into the formal financial system.

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    Structural Regulation

    US Court Rejects Visa, Mastercard Antitrust Settlement

    By Manesh Samtani | 04/07/2024

    The court said Visa and Mastercard could withstand a “substantially greater judgment” than the $30bn settlement proposed in March.

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    Cybersecurity

    RBI Calls on Banks to Increase Vigilance Against Cyber Attacks

    By Ajoy K Das | 02/07/2024

    Banks have been directed to monitor network activities and server logs as well as keep close watch on critical payments systems.

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    Payments & Settlements

    Project Nexus Completes Blueprint; Prepares for Live Implementation

    By Nithya Subramanian | 02/07/2024

    To facilitate live implementation, a new entity named the Nexus Scheme Organisation, will be established.

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    Trading & Investment

    Korea Extends Daily FX Trading Hours to 2am

    By Editors | 01/07/2024

    Onshore dollar-won trading now trades until 2am each day, compared to 3.30pm previously.

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    Clearing & Post-Trade

    Euroclear, Clearstream Enable Omnibus Access to KTB Market

    By Editors | 01/07/2024

    Euroclear and Clearstream have launched direct links with Korea allowing global investors to trade Korean government bonds using omnibus accounts.

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