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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
RBI Seeking to Develop More Use Cases for CBDC
By Editors | 07/09/2023
The RBI plans to start allowing the use of CBDC in the call money market, which is used for short-term interbank borrowing.
Structural Regulation
Grab-Singtel Digital Bank Approved for Launch in Malaysia
By Editors | 07/09/2023
GXBank, backed by Grab, Singtel and Kuok Brothers, has become the first digital bank applicant to win approval to commence operations.
CBDCs
UK Completes Discovery Phase of ‘Regulated Liability Network’
By Editors | 06/09/2023
In the next phase, a PoC will continue testing the Regulated Liability Network for consumer domestic payments involving retail CBDC.
Payments & Settlements
Trade Bodies Call on Industries to Adopt eBL Declaration
By Editors | 06/09/2023
The declaration signals a commitment to collaborate on digitalisation and adopt eBLs, which will enable faster transactions, cost savings, and lowered fraud risks.
Emerging Prudential Risks
FSB Warns of ‘Further Shocks’ in G20 Progress Update
By Manesh Samtani | 06/09/2023
The update also discusses the FSB’s work to address NBFI risks, implement its recommendations on crypto regulations, and respond to climate-related risks.
Payments & Settlements
SEBI Plans to Move to One-Hour Stock Settlement Cycle
By Editors | 06/09/2023
India just completed a move from T+2 to T+1 settlement in January. Reportedly, implementation of one-hour settlement is likely by March 2024.
Payments & Settlements
RBI Permits Banks to Use UPI With Credit Lines
By Sanday Chongo Kabange | 05/09/2023
Scheduled commercial banks can now transfer funds to and from credit lines through the UPI system.
Tokenisation
Swift Publishes Findings from Tokenisation Experiments
By Editors | 04/09/2023
Swift says its existing infrastructure can provide a single point of entry for FIs to move tokenised assets across blockchains.
Resolution & Recovery
HKMA Consults on New Resolution Planning Guidance
By Manesh Samtani | 01/09/2023
The guidance focuses on the measures banks should have in place to ensure continuity of access to FMI services in a resolution scenario.
Payments & Settlements
India, New Zealand Start Talks on UPI-based Payments Link
By Editors | 30/08/2023
NPCI and Payments NZ are in early discussions regarding the use of the UPI system to establish a cross-border payment link.
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