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Payments & Settlements
Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.
CBDCs
BIS Innovation Hub Releases Update Report for Project mBridge
By Manesh Samtani | 01/11/2023
The update reveals a list of 25 observing members, and that the mBridge platform offers APIs based on ISO 20022 and uses LEIs for participant identification.
Payments & Settlements
MAS to Launch POC to Enhance Interoperability for QR Payments
By Editors | 01/11/2023
The POC will explore the feasibility of enabling merchants to accept QR payments from a variety of local and international payment schemes by signing up with a single FI.
CBDCs
BOK, KRX to Test CBDC Use in Carbon Emissions Trading
By Editors | 01/11/2023
More specific details on the experiment will be announced at the end of November. The experiment is scheduled to be conducted in Q3 and Q4 next year.
Payments & Settlements
ICBC Opens Yuan Clearing Banks in Laos, Pakistan
By Editors | 30/10/2023
Besides Laos and Pakistan, new yuan clearing banks have been established in Kazakhstan and Brazil since the start of 2022.
CBDCs
HKMA Unveils Findings from 1st Phase of e-HKD Pilot
By Manesh Samtani | 30/10/2023
Another pilot will take place next year, potentially exploring corporate payments, cross-border payments, and blockchain interoperability.
Structural Regulation
How Markets in Southeast Asia Can Attract Liquidity
By Roland Chai | 29/10/2023
Roland Chai outlines four significant steps market infrastructures in Southeast Asia can take to attract liquidity.
Payments & Settlements
US Regulator to Lower Fees on Debit Card Transactions
By Editors | 28/10/2023
The Fed proposed to lower the cap on fees banks can charge merchants for processing debit card transactions.
Payments & Settlements
BSP Set to Launch Pilot Testing for New ITRS
By Sanday Chongo Kabange | 27/10/2023
The BSP has started sending banks XML schema definitions for its new International Transactions Reporting System.
Clearing & Post-Trade
Incoming Regulatory Changes in Post Trade Present Significant Challenges
By Julie Feaunati | 26/10/2023
Julie Feaunati discusses the systems and infrastructure changes needed to ensure T+1 readiness and accommodate derivatives trade reporting rule rewrites.
Payments & Settlements
Wolfsberg Group Updates Payment Transparency Standards
By Editors | 25/10/2023
The updated Standards support the use of the LEI in global payments, which GLEIF welcomed as a “strong endorsement”.
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