Payments & Settlements

    Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.

    image

    Stablecoins

    PayPal Unveils Stablecoin Plans, Prompting Call for Clear Regulations

    By Editors | 08/08/2023

    PayPal plans to allow US customers to exchange PYUSD for other cryptocurrencies as well as use it to fund purchases, make transfers to external wallets, and send person-to-person payments.

    image

    Trading & Investment

    SEBI Mandates FPIs to Route Bond Trades to RFQ Platforms

    By Ranamita Chakraborty | 08/08/2023

    Starting 1 October, foreign portfolio investors are required to conduct a minimum of 10 percent of their total secondary market corporate bond trades through the request for quote (RFQ) platform offered by stock exchanges.

    image

    Clearing & Post-Trade

    ChinaClear Lowers Reserve Funds Brokers Must Set Aside

    By Editors | 07/08/2023

    The change is expected to free up around CNY 30-40 billion of capital, and provide a boost to markets.

    image

    Liquidity Risk

    China Pledges More Support for Private Enterprises

    By Editors | 07/08/2023

    The measures include more financial support for private enterprises including developers, easier visa rules, and tax exemptions.

    image

    PEPs & Sanctions

    RBI Approves 34 Russian Vostro Accounts at Indian Banks

    By Editors | 03/08/2023

    Special Rupee Vostro Accounts were opened by Russian banks at 14 Indian commercial banks, based on guidelines issued by the RBI in July 2022.

    image

    Payments & Settlements

    RBI Fines State-run Energy Firms for Reporting Foreign Investments Late

    By Editors | 02/08/2023

    The RBI fined the four companies a combined $240mn for their delay in reporting overseas investments.

    image

    Payments & Settlements

    Bangladesh Halts InterBank Transactions Due to RTGS System Glitch

    By Editors | 01/08/2023

    Bangladesh’s RTGS system faced technical issues, halting inter-bank transactions. Transactions through the RTGS system resumed the next day.

    image

    Structural Regulation

    RBNZ, FMA Issue New Standards for Designated FMIs

    By Sanday Chongo Kabange | 01/08/2023

    The new standards, effective from 1 March 2024, include 28 Standards, accompanying guidance, and a framework for regulating overseas FMIs.

    image

    Payments & Settlements

    New UK Law Promotes Blockchain to Digitise Trade Documents

    By Editors | 31/07/2023

    The New Electronic Trade Documents Act 2023 will seek to digitise trade documents, promising cost reduction and increased efficiency in international trade.

    image

    Payments & Settlements

    MAS Targets End to Corporate Cheques by 2025

    By Editors | 31/07/2023

    Singapore to eliminate corporate cheques by 2025 and transition users to e-payment solutions, amid rising cheque processing costs.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.