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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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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