Payments & Settlements

Clearing & Post-Trade

Last Stretch to T+1: Identifying Potential Bumps for Firms in Asia

By Nellie Dagdag | 30/04/2024

Nellie Dagdag says May 28th is not the end date for T+1 preparations; rather it is an awakening date for appreciation of the benefits of accelerated settlement.

Payments & Settlements

CPMI Publishes SLA Guidance for Cross-border Payments

By Editors | 30/04/2024

New CPMI report offers high-level recommendations on the design of service level agreements used in cross-border payment arrangements.

Data Privacy

Hong Kong Working on Proposals to Amend Privacy Law

By Manesh Samtani | 30/04/2024

The amendments will include the introduction of a mandatory personal data breach notification mechanism.

Payments & Settlements

RBA Offers Analysis on Interlinking Fast Payment Systems

By Mark Johnston | 25/04/2024

The RBA’s analysis aims to inform future discussions about the potential for interlinking the NPP to fast payment systems in other countries.

Cybersecurity

GIFT City IBUs Directed to Offer Internet Banking Within Six Months

By Ajoy K Das | 25/04/2024

IFSC Banking Units in GIFT City are asked to benchmark their internet banking services against top global banks in Singapore and Hong Kong.

AI Risk & Governance

UK FCA Outlines Plans for Big Tech, Artificial Intelligence

By Manesh Samtani | 24/04/2024

The FCA will work with Big Tech firms to examine the value their data can bring to retail financial markets, with a view to potentially incentivising more data sharing.

Clearing & Post-Trade

ASX Seeks Feedback on Potential Move to T+1 Settlement Cycle

By Editors | 24/04/2024

ASX is seeking industry feedback on the impacts of transitioning from T+2 to T+1 settlement in Australia.

Cybersecurity

G7 Nations Complete Joint Cyber Coordination Exercise

By Editors | 24/04/2024

The exercise assumed a large-scale cyber attack on financial market infrastructures and entities in all G7 jurisdictions

Payments & Settlements

PBOC Issues Draft Implementation Rules for New Payments Regulations

By Editors | 24/04/2024

Non-bank payment institutions will be allowed to transition to the new regulations depending on the validity of their existing licences, which can be up to five years.