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

PEPs & Sanctions
Euroclear Faces $2b Lawsuit from Russian Fund Manager
By Editors | 14/07/2023
Russian asset manager First AM says its lawsuit is intended to protect the rights and interests of clients whose assets were frozen.

Fraud, Scams & Cybercrime
UK Supreme Court Rules for Barclays in APP Fraud Case
By Manesh Samtani | 14/07/2023
Customer argued Barclays owed her a duty to not comply with her instructions if the bank suspected she was being defrauded.

CBDCs
HDFC Bank Implements Interoperability between CBDC and UPI
By Editors | 13/07/2023
HDFC Bank customers with UPI IDs can use the QR code at retail shops to transfer funds directly from their CBDC wallets.

Payments & Settlements
Cambodia Launches Cross-Institutional Payment System for ATM, POS Services
By Editors | 13/07/2023
The Cambodian Shared Switch aims to enhance payment transactions through payment cards in Cambodia.

KYC & CDD
MAS, Cambodia Ink MOU for Financial Transparency Corridor
By Karen Ng | 12/07/2023
The MOU aims to to enhance financial transparency and promote trade and cross-border financial services for small and medium enterprises (SMEs).

Payments & Settlements
Cambodia Partners With UnionPay on QR Code Payments
By Sanday Chongo Kabange | 12/07/2023
KHQR users in Cambodia would be able to directly scan UnionPay QR codes in China within this year.

Structural Regulation
IDX Explores Dual-Listing Options With Global Exchanges
By Sanday Chongo Kabange | 12/07/2023
IDX is exploring the feasibility of cross-listings in Singapore, Hong Kong, Malaysia, South Korea and London.

PEPs & Sanctions
India Increasingly Using CNY to Buy Russian Oil
By Editors | 11/07/2023
The relative ease with which Russia can accept yuan payments has led to adoption of the Chinese currency for some 10% of payments.

Payments & Settlements
RBI Panel Proposes Measures to Boost Rupee Internationalisation
By Mark Johnston | 10/07/2023
The panel proposes short, medium and long term measures to increase the use of the rupee in cross-border transactions.

CBDCs
NYIC, US Banks Conclude PoC to Test Digital Money Platform
By Editors | 09/07/2023
The PoC tested a theoretical CBDC and bank deposit tokens on a shared multi-entity distributed ledger to enable domestic and cross-border payments.
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