Payments & Settlements

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

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    Clearing & Post-Trade

    EU Seeks to Coordinate T+1 Transition with UK, Switzerland

    By Editors | 11/04/2024

    The European T+1 Industry Task Force said alignment will reduce the complexity for multi-jurisdictional firms and minimise scoping issues.

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    Payments & Settlements

    Chinese Authorities Issue New Directions to Enhance Payment Services

    By Editors | 11/04/2024

    The new measures require certain hotels and tourist attractions to accept domestic and overseas bank cards and cash, and offer foreign exchange services.

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    Operational Risk

    BNM Directs CIMB, Maybank to Explain Recent Service Outages

    By Editors | 10/04/2024

    CIMB Malaysia experienced service disruptions on some of its services on Tuesday, while Maybank saw some disruptions last Friday.

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    Payments & Settlements

    China: SAFE Further Optimises Processes for FX Business

    By Editors | 09/04/2024

    The requirement for local branches of SAFE to approve registrations of foreign trade enterprises has been canceled. Banks will directly handle registrations instead.

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    Payments & Settlements

    MAS Grants Major Payment Institution Licence to TerraPay

    By Nithya Subramanian | 08/04/2024

    The licence enables TerraPay to offer account issuance, money transfer, merchant acquisition, and e-money issuance services.

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    Payments & Settlements

    ECB Announces Participants for Upcoming DLT Settlement Trials

    By Editors | 05/04/2024

    The first wave of trials will involve ten market participants, six market DLT operators, and five central banks.

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    PEPs & Sanctions

    Russia-China Business Facing Banking ‘Bottleneck’ – Report

    By Editors | 04/04/2024

    VTB, the only Russian bank with a fully-fledged branch in China, is dealing with high demand from companies seeking to open accounts to do business with Russia.

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    CBDCs

    How HKMA Aims to Prevent Fragmented Digital Money Ecosystem

    By Nithya Subramanian | 04/04/2024

    HKMA aims to ensure that different types of tokenised money issued in the city can interact with each other.

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    Payments & Settlements

    Brunei and Laos Join ASEAN Payment Connectivity Initiative

    By Nithya Subramanian | 04/04/2024

    The addition of Brunei and Laos brings the ‘Regional Payment Connectivity’ group to a total of eight ASEAN central banks.

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    Payments & Settlements

    Thailand, Laos Launch Cross-border QR Payment Link

    By Nithya Subramanian | 04/04/2024

    Thailand has implemented cross-border payment linkages with five other ASEAN nations: Cambodia, Indonesia, Malaysia, Singapore, and Vietnam.

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