Payments & Settlements

Payments & Settlements

RBI Greenlights 92 Special Rupee Accounts to Enhance Bilateral Trade

By Editors | 30/07/2023

RBI authorised 20 banks to open 92 Special Rupee Vostro Accounts with various countries, aiming to simplify trade and promote more robust FX markets.

Clearing & Post-Trade

India: AMC Repo Clearing Launches Triparty Bond Repo Solution

By Editors | 29/07/2023

Eight entities participated in repo transactions on the first day of the new service from AMC Repo Clearing.

Cloud & Infrastructure

HKMA to Collaborate With Saudi Central Bank on Market Connectivity

By Sanday Chongo Kabange | 28/07/2023

The two central banks will also collaborate on financial infrastructure development, sustainable development and fintech.

Payments & Settlements

NZ Regulators Demand Progress on Real-Time Payment System

By Editors | 27/07/2023

RBNZ and the Council of Financial Regulators criticised Payments NZ’s slow progress towards a real-time payment system.

Payments & Settlements

Why Banks Should Leverage ISO 20022 as an Innovation Accelerator

By Pete McCormick | 26/07/2023

Pete McCormick discusses the challenges banks face in adopting ISO 20022, as well as the benefits of doing so, using a strategic approach.

Clearing & Post-Trade

SEBI Amends Rules to Enhance Corporate Bond Market Liquidity

By Editors | 26/07/2023

SEBI amends rules to boost corporate bond liquidity in the secondary market, streamline participation and enhance efficiency.

Payments & Settlements

Sri Lanka Designates Indian Rupee as Permitted Currency

By Duruthu E Chandrasekera | 25/07/2023

Travellers from India will be able to directly use INR in Sri Lanka. Trade settlements between the two countries can also occur in INR.

Payments & Settlements

BIS Paper Proposes Solutions To Ease Cross-Border Payment Hurdles

By Ranamita Chakraborty | 25/07/2023

New working paper suggests setting up a global clearinghouse or digital money marketplace could boost cross-border payments.

Payments & Settlements

China Issues Draft Rules to Boost Cross-Border Trade and Investment

By Editors | 25/07/2023

China’s foreign exchange regulator, SAFE, proposes draft rules to advance cross-border trade, calling for public input until 2 August 2023.