Payments & Settlements

Trading & Investment

Korea Launches Web-Based FX Trading Platform

By Mark Johnston | 09/05/2024

Koscom developed the platform to enhance accessibility to the domestic FX market, including for foreign firms.

Sustainable Finance

Singapore, UK to Boost Fintech, Green Finance Cooperation

By Nithya Subramanian | 09/05/2024

MAS and HM Treasury will collaborate to develop and finance green finance and energy transition projects in APAC.

Cybersecurity

Taiwan to Bolster Security Standards for E-Payments Firms

By Editors | 07/05/2024

The FSC asked the banking association to develop standards for electronic payment institutions based on the existing norms for banks.

Trading & Investment

RBI Allows Standalone Primary Dealers to Borrow Forex

By Ajoy K Das | 06/05/2024

Standalone primary dealers can now borrow FX from their parent companies and other authorised entities.

Emerging Prudential Risks

ASEAN+3 Ministers Approve New Rapid Financing Facility

By Editors | 06/05/2024

The Rapid Financing Facility will enable ASEAN+3 countries to access emergency financing during periods of urgent balance of payments needs.

Operational Risk

DBS Experiences Disruption Days After MAS Lifts Restrictions

By Nithya Subramanian | 03/05/2024

Customers of the Singapore bank experienced internet banking and payment services disruptions for more than two hours on Thursday.

Fraud, Scams & Cybercrime

NZ Banks Set to Start ‘Confirmation of Payee’ Implementation

By Sanday Chongo Kabange | 03/05/2024

NZBA has identified a preferred provider for the service and will soon start the technical build for the payments system.

PEPs & Sanctions

Russian Court Cancels Part of JPMorgan Freeze Order

By Editors | 03/05/2024

The majority of JPMorgan’s funds in Russia cannot be seized as they are held in so-called “type C” accounts.

Anti-Money Laundering

Wolfsberg Group Responds to FATF Payment Transparency Consultation

By Manesh Samtani | 01/05/2024

Operators of payment market infrastructures should be brought into the scope of R.16 and ISO 20022 terminology should be adopted.