Payments & Settlements

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

    image

    Structural Regulation

    Hong Kong, Shenzhen Forms Financial Cooperation Committee

    By Sanday Chongo Kabange | 14/06/2024

    The committee will seek to foster deeper financial cooperation between Hong Kong and Shenzhen financial markets.

    image

    PEPs & Sanctions

    G7 to Raise $50bn for Ukraine Using Frozen Russian Assets

    By Editors | 13/06/2024

    A $50bn loan will be taken out and the interest will be paid using profits generated by frozen Russian assets.

    image

    Payments & Settlements

    RBI Allows Banks to Give Importers Extra Operational Flexibility

    By Ajoy K Das | 13/06/2024

    Banks maintaining special rupee vostro accounts are permitted to open an “additional special current account” for importers.

    image

    Clearing & Post-Trade

    Sri Lanka Completes Transition to Shorter Settlement Cycle

    By Editors | 13/06/2024

    The CSE described the transition from T+3 to T+2 for equity trades as “seamless” and a “significant milestone”.

    image

    Cryptocurrency

    Australia Bans Use of Crypto, Credit for Online Gambling

    By Editors | 12/06/2024

    Cryptocurrencies, credit cards, and other new forms of credit cannot be used as payment methods for online gambling.

    image

    CBDCs

    HSBC China Launches e-CNY Services for Corporate Clients

    By Sanday Chongo Kabange | 11/06/2024

    HSBC China has become one of the first foreign banks in the country to provide digital yuan services to both corporate and retail customers.

    image

    Fraud, Scams & Cybercrime

    UK PSR Rejects Calls to Delay Fraud Reimbursement Rules

    By Editors | 11/06/2024

    Interim head of the PSR, David Geale, said there was a need to “act quickly” on APP fraud and that the new rules would be introduced in October as planned.

    image

    Payments & Settlements

    India, Peru Sign Agreement to Develop Instant Payments

    By Ajoy K Das | 10/06/2024

    NPCI’s international arm signed an agreement with Peru’s central bank to develop a fast payment system similar to India’s UPI.

    image

    Payments & Settlements

    Significant Progress Made on Cross Border Payments: CPMI

    By Manesh Samtani | 07/06/2024

    More work is needed to integrate cross-border projects with domestic systems, and to extend the operating hours of key payment systems.

    image

    Anti-Money Laundering

    Myanmar Cracks Down on Cross-border Remittances

    By Editors | 06/06/2024

    “Hundi” cash transfer services and overseas property deals are being blamed for a severe depreciation of Myanmar’s currency.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.