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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.

Payments & Settlements
Hong Kong to Start Trading During Typhoons from 23 Sep
By Sanday Chongo Kabange | 19/06/2024
Special arrangements will be available to smaller and mid-sized brokers. HKMA said banks stand ready to fulfill clearing and settlement obligations.

Trading & Investment
Korea to Conduct Final Trials for Extended FX Trading Hours
By Editors | 19/06/2024
As of 1 July, onshore dollar-won trading will close at 2am, compared to 3.30pm currently. Final tests will be carried out this week.

Payments & Settlements
Singapore, Cambodia Launch Financial Transparency Corridor
By Editors | 19/06/2024
The initiative will enable better credit risk assessments by participating FIs in both countries and improve access to financing for SME trade.

Payments & Settlements
Korea and African Nations to Cooperate on Banking Sector Development
By Mark Johnston | 18/06/2024
The Korea Federation of Banks signed MoUs to strengthen cooperation with the banking sectors of Nigeria, Botswana, and Mauritius.

Clearing & Post-Trade
CHESS Replacement Project Currently on Track: ASX
By Sanday Chongo Kabange | 18/06/2024
The CHESS Replacement project is currently expected to deliver to the plan announced in November last year.

Trading & Investment
Hong Kong Seeks Further Derivatives Market Development
By Sanday Chongo Kabange | 17/06/2024
Plans include “high-liquidity products” and cross-boundary commodities trading. Preparations for Mainland treasury bond futures are at the “final stage”.

Payments & Settlements
BOT Launches “Enhanced” Sandbox for Programmable Payments
By Editors | 17/06/2024
The sandbox allows testing of payments where transaction conditions are automatically set using DLT and smart contracts.

Payments & Settlements
BIS Launches New Innovation Hub Centre in Toronto
By Editors | 17/06/2024
The Toronto Innovation Centre will initially focus on next-generation financial market infrastructures, suptech, and open finance.

Payments & Settlements
BIS Innovation Hub to Explore RTGS to DLT Interoperability
By Editors | 17/06/2024
Project Meridian FX will explore interoperability between RTGS systems and new payments technologies like DLT.

CBDCs
Ghana, MAS Complete Cross-border Trade PoC Using CBDC
By Nithya Subramanian | 14/06/2024
Project DESFT demonstrated that the eCedi can facilitate the participation of MSMEs in international trade.
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