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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.

Trading & Investment
BIS Sets Out Priorities for Next Review of FX Global Code
By Manesh Samtani | 23/01/2024
BIS Market Committee Chair John Williams says the GFXC should expand adoption to more types of institutions and continue work on reducing FX settlement risk.

Payments & Settlements
Hong Kong to Phase Out Cheques Amid Digital Payments Boom
By Mark Johnston | 23/01/2024
The Hong Kong Association of Banks will set up a task force to explore options for encouraging cheque users to shift to digital payments.

Payments & Settlements
Cambodia Securities Exchange Introduces USD Settlements
By Sanday Chongo Kabange | 22/01/2024
CSX says investors can now trade local currency stocks but settle their transactions in US dollars, which will increase market accessibility.

Payments & Settlements
Google Pay and India’s NIPL Ink Pact to Expand UPI Globally
By Ajoy K Das | 18/01/2024
The partnership aims to help Indian travellers make payments overseas, develop UPI-like models in foreign countries and ease cross-border remittances.

Payments & Settlements
Malaysia Issues Exposure Draft on Currency Processing Business
By Mark Johnston | 18/01/2024
The exposure draft covers key areas such as governance, operational requirements, risk management and IT requirements for currency processors.

Clearing & Post-Trade
India’s Proposal for T+0 Settlement Will Fragment Market: ASIFMA
By Editors | 18/01/2024
ASIFMA suggests that SEBI wait to see the impact from the US move to T+1 settlement before proceeding to a shorter settlement cycle in India.

Trading & Investment
Bursa Malaysia Launches Transition to “Multi-asset Exchange”
By Manesh Samtani | 16/01/2024
Bursa Malaysia launched a gold trading platform, a new customer portal, and a new platform to connect investors directly with dealer representatives.

Trading & Investment
HKEX Holiday Trading to Include Currency Futures, Options from 29 March
By Sanday Chongo Kabange | 16/01/2024
HKEX will include currency futures and options in derivatives holiday trading starting from 29 March 2024.

Payments & Settlements
BAFT Publishes Best Practice Paper on ISO 20022 Migration
By Ranamita Chakraborty | 16/01/2024
The whitepaper guides financial institutions, payment providers, and tech vendors in migrating or planning to migrate to the ISO 20022 standard.

Payments & Settlements
BSP Grants Direct PhilPaSSplus Access to First Nonbank EMI
By Sanday Chongo Kabange | 12/01/2024
OmniPay’s direct access to PhilPaSSplus allows it to make efficient and low-risk funds transfers using central bank rails.
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