Payments & Settlements

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

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    Trading & Investment

    SFC to Further Enhance Market Connectivity With Mainland

    By Manesh Samtani | 28/06/2023

    SFC chief Julia Leung said at an ASIFMA event that new Mainland-based derivatives contracts will be launched in Hong Kong.

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    Clearing & Post-Trade

    HKEX Says New IPO Settlement Platform Will Launch in October

    By Manesh Samtani | 28/06/2023

    HKEX has completed external user testing for the launch of FINI, which will shorten IPO settlement times from five to two days.

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    Payments & Settlements

    SEBI to Introduce ‘UPI Block Facility’ for Equity Trading

    By Editors | 26/06/2023

    The facility allows investors to use blocked funds in their bank accounts for trading, instead of transferring them to the stock broker upfront.

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    Trade Based Money Laundering

    ABS Launches New Registry to Counter Trade Finance Fraud

    By Manesh Samtani | 25/06/2023

    Participating banks can register new trade financing transactions and receive real-time notifications if instances of duplication are detected.

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    Payments & Settlements

    RBA Consults on Options for Enhancing Debit Card Market

    By Sanday Chongo Kabange | 23/06/2023

    The RBA seeks to prevent any one debit network from being given routing priority at issuance for domestic transactions.

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    Clearing & Post-Trade

    SEBI Settles With NSE Over 2021 Trading Glitch

    By Editors | 22/06/2023

    NSE and NSE Clearing have to pay a combined $8.9mn to end proceedings over a 2021 glitch that cause a complete trading halt for over three hours.

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    Cryptocurrency

    MAS Grants Ripple In-Principle Approval to Offer DPT Services

    By Editors | 22/06/2023

    Ripple said the licence will allow it to offer regulated digital payment token products and services in Singapore and scale on-demand liquidity service.

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    Fraud, Scams & Cybercrime

    HKMA Directs Banks to Enhance Protections for Payment Card Customers

    By Sanday Chongo Kabange | 21/06/2023

    Banks are directed to comply with new guidance by end June 2023. For enhancements that require system changes, banks should comply within six months.

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    Tokenisation

    BIS Offers Blueprint for Future Monetary & Financial System

    By Editors | 21/06/2023

    The BIS says the future financial system will combine tokenised money and assets on a programmable platform.

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    Cloud & Infrastructure

    China Urges Greater Use of Digital Means for Cross-border Business

    By Editors | 21/06/2023

    PBOC and SAFE issued a draft notice allowing banks to conduct capital account business online for market players by using electronic documents.

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