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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    Anti-Money Laundering

    RUSI, FFIS Urge Greater Cross-Sector Collaboration on FinCrime

    By Ranamita Chakraborty | 11/01/2024

    The new report highlighted the underutilisation of payments infrastructure in economic crime analysis, citing challenges in policymaking.

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    Structural Regulation

    Two New Digital Banks Approved for Launch in Malaysia

    By Manesh Samtani | 10/01/2024

    Boost Bank and AEON Bank received regulatory approval to begin digital banking operations. They were two of five applicants granted licences in 2022.

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    Credit Risk

    Korea Expands Loan Switching Platform to Mortgage, Jeonse Loans

    By Editors | 10/01/2024

    The online loan transfer system was established last year to enable borrowers to easily switch credit loans to those offering better rates.

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    Payments & Settlements

    GIFT City Regulator Directs IBUs to Improve Cross-border Payments

    By Ajoy K Das | 09/01/2024

    IFSC Banking Units are asked to use Swift GPI and to explore how they can further speed up their processing of cross border payments.

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    Cryptocurrency

    MAS Awards Major Payment Institution Licence to Upbit Singapore

    By Ranamita Chakraborty | 09/01/2024

    The licence means Upbit now has regulated digital asset businesses in Singapore, Korea, Indonesia and Thailand.

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    Payments & Settlements

    Korea FSC to Launch New Microfinance Assistance Platform

    By Sanday Chongo Kabange | 08/01/2024

    The new online platform will help users find suitable microfinance products based on their financial needs and situation.

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    Trading & Investment

    PBOC Pledges to Further Open Access to Bond Market

    By Editors | 08/01/2024

    The PBOC said it will continue to strengthen China’s financial market to make it more standardised, transparent, open, dynamic and resilient.

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    Payments & Settlements

    BSP Amends Cheque Clearing Policy, Reintroduces Funding Facility

    By Sanday Chongo Kabange | 06/01/2024

    The reforms are aimed at enhancing the efficiency and safety of the Philippine payments system.

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    Payments & Settlements

    India Launches UPI Block Facility for Stock Market Trades

    By Editors | 04/01/2024

    Investors can block funds in their bank accounts for secondary market stock trades rather than transfer them to brokers upfront.

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    Structural Regulation

    HK, UAE Bank Associations Agree to Strengthen Industry Ties

    By Nithya Subramanian | 04/01/2024

    The two will work together to promote cooperation on various banking industry activities, including exploring RMB busine****ss opportunities.

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