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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.
Structural Regulation
Australian Government Launches Competition Policy Review
By Mark Johnston | 25/08/2023
Among other things, the review will consider a tightening of the existing merger clearance regime, as proposed by the ACCC.
Payments & Settlements
Swift Achieves FSB Speed Target for Cross Border Payments
By Editors | 23/08/2023
89% of transactions processed on the Swift network now reach recipient banks within one hour. The FSB target was 75% by 2027.
Payments & Settlements
RBI Asking Banks to Settle UAE Trade Without USD – Report
By Editors | 22/08/2023
The RBI has asked banks to encourage clients and corporates to settle trade with the UAE using the dirham or Indian rupee.
Structural Regulation
India’s Finance Minister Reviews Progress of GIFT City
By Mark Johnston | 22/08/2023
Nirmala Sitharaman reviews GIFT City’s progress, saying a legal framework for accounting, auditing, and taxation professionals will soon be in place.
Payments & Settlements
Indonesia, Singapore Start QR Payment Interconnection Trial
By Sanday Chongo Kabange | 21/08/2023
The QR payment linkage between Indonesia and Singapore is expected to officially launch within H2 2023 after the completion of the trials.
Payments & Settlements
Cambodia, Laos Launch Cross-border QR Payment Link
By Editors | 21/08/2023
A second phase of the cross-border payments link between Cambodia and Laos is expected to launch in Q4 2023.
Climate Risk
UNDP Launches Open Source Carbon Registry Software
By Ranamita Chakraborty | 21/08/2023
The registry is the first of its kind in allowing countries to duplicate and customise its open-source code to suit their specific requirements.
Payments & Settlements
RBI Launches Digital Portal for Unclaimed Deposit Recovery
By Ranamita Chakraborty | 21/08/2023
Users can utilise the portal to locate their unclaimed deposits and subsequently choose to either claim the funds or reactivate their deposit accounts with their respective banks.
Payments & Settlements
BSP Unveils Timeline for New International Transaction Reporting System
By Editors | 18/08/2023
A soft launch of the new data collection system will be in January 2024. Full implementation is set for April 2024.
Clearing & Post-Trade
ASX Issues Response Plan to Ensure Delivery of CHESS Replacement
By Editors | 18/08/2023
ASX confirms its intention to have implemented all 45 recommendations from an external review by June 2024.
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