Payments & Settlements

Trading & Investment

HKEX Launches HKD-RMB Dual Counter Model

By Manesh Samtani | 19/06/2023

24 Hong Kong-listed companies have started offering both HKD and RMB trading counters.

CBDCs

BIS Innovation Hub Concludes Joint CBDC Experiment With BOE

By Editors | 19/06/2023

Project Rosalind explored how a universal and extensible API layer could connect central bank and private sector infrastructures and facilitate retail CBDC payments.

Payments & Settlements

Australia Calls for Improved Transparency on Remittance Costs

By Mark Johnston | 18/06/2023

A coalition of companies has called on the government to require banks to disclose all the costs of international money transfers upfront.

Clearing & Post-Trade

FIA Issues Standard to Promote Timely Trade Give-Ups and Allocations

By Editors | 18/06/2023

The standard focuses on streamlining the delivery and processing of allocation instructions. A consultation on average pricing was also launched.

Structural Regulation

Fed Launches Database of Firms With Access to Master Accounts

By Editors | 17/06/2023

The database also lists financial institutions that have requested access to master accounts and services, and the status of each request.

Payments & Settlements

BSP Proposes Enhance Guidelines for Electronic Fund Transfers

By Editors | 15/06/2023

In the event of unsuccessful transactions, financial institutions must return the amount to the sender within one hour.

Trading & Investment

RBI Expands Scope of TReDS to Facilitate Access to Financing

By Ranamita Chakraborty | 14/06/2023

TReDs platforms, which enable MSMEs to obtain financing for trade receivables, will have a larger pool of financiers as well as an insurance facility.

Payments & Settlements

India, Myanmar to Start Using Rupee for Trade Settlements “Soon”

By Editors | 13/06/2023

The RBI has so far authorised Punjab National Bank to open a special rupee vostro account for foreign trade settlements with Myanmar.

Payments & Settlements

India in Talks to Extend UPI’s Reach to Gulf Countries 

By Editors | 13/06/2023

India’s NPCI, with support from the RBI, is in talks to establish bank-to-bank transfer systems for cross-border remittances to Bahrain and Saudi Arabia.