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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    Payments & Settlements

    HKMA to Ramp Up Cross-border Collaboration with UAE

    By Editors | 30/05/2023

    The HKMA will form a joint working group with CBUAE and banking sector stakeholders to take forward the agreed initiatives.

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    Payments & Settlements

    Bangkok Bank Becomes First Thai Bank to Access CLSSettlement

    By Manesh Samtani | 30/05/2023

    Bangkok Bank Hong Kong Branch can use CLSSettlement to benefit from PvP settlement and mitigate FX settlement risk.

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    Payments & Settlements

    RBA Publishes Findings from Payments Infrastructure Review

    By Sanday Chongo Kabange | 30/05/2023

    The external review was conducted by Deloitte in response to a four-hour outage suffered by the RBA in October 2022.

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    CBDCs

    China Expands CBDC Usage to Investment and Capital Markets

    By Mark Johnston | 30/05/2023

    A project by Galaxy Securities and ICBC to use CBDC for investments is included in Beijing’s capital market fintech innovation trials.

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    Clearing & Post-Trade

    DTCC, Nomura Partner to Enhance Post-Trade Efficiency in Japan

    By Mark Johnston | 25/05/2023

    Through the collaboration, DTCC and Nomura Research Institute will streamline and enhance the post-trade process, enabling shorter settlement times and increased efficiency.

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    Payments & Settlements

    ASX Confirms Plans to Ramp Up Industry Testing Exercises

    By Ranamita Chakraborty | 24/05/2023

    ASX will increase the number of BCP events to two per year. All participants are expected to attend. The next BCP event is on 3 June.

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    Emerging Prudential Risks

    China Optimises Policy on Cross-Border Funds for Multinationals

    By Mark Johnston | 24/05/2023

    Existing policy requirements related to the centralised operation of cross-border funds of multinational corporations will be optimised

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    Payments & Settlements

    RBA Considers Banning ‘Default’ Route on Dual Network Cards

    By Editors | 23/05/2023

    The RBA had set an expectation that merchants would be offered least-cost routing by end-2022, but the industry did not meet this timeline.

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    Cryptocurrency

    Indian Crypto Firms Call for UPI Access to be Restored

    By Karen Ng | 22/05/2023

    The calls for UPI access to be restored come after India’s government added virtual assets to the country’s Prevention of Money Laundering Act in March.

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    Trading & Investment

    HKEX Announces Launch Date for HKD-RMB Dual Counter Model

    By Editors | 21/05/2023

    The HKD-RMB Dual Counter Model will launch on 19 June 2023. HKEX is now accepting applications for Dual Counter Market Makers.

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