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Payments & Settlements
Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.
Payments & Settlements
China, Brazil Abandon US Dollar as Intermediary Currency
By Editors | 03/04/2023
China and Brazil will exchange renminbi and reals directly to settle trade and financial transactions.
Payments & Settlements
ASEAN to Reduce Reliance on Major Currencies to Safeguard Stability
By Editors | 02/04/2023
ASEAN finance ministers and central bank governors agreed to increase usage of local currencies for trade settlements.
Payments & Settlements
Singapore, Malaysia Launch Cross-border QR Payments Link
By Editors | 31/03/2023
The payment linkage will allow customers of participating financial institutions to make retail payments by scanning NETS QR and DuitNow QR codes.
Clearing & Post-Trade
Rules Proposed to Adopt T+1 in US Muni Bond Market
By Editors | 31/03/2023
US equities and corporate bond markets will move to T+1 on 28 May 2024. The same implementation date is proposed for municipal securities.
Capital Adequacy
FSB to Develop and Run Global Bank Stress Test
By Manesh Samtani | 31/03/2023
The FSB’s work programme for 2023 includes plans to develop and run a global bank stress test in cooperation with the BCBS.
Structural Regulation
Mizuho, LINE Scrap Plans to Launch New Digital Bank
By Editors | 31/03/2023
The plan was to make banking services available on LINE’s popular smartphone app, but the project is now being abandoned.
Clearing & Post-Trade
South Korea Grants Clearstream QFI Status
By Editors | 30/03/2023
The QFI status will enable Clearstream to offer omnibus account services for Korea Treasury Bonds and Monetary Stabilisation Bonds.
Structural Regulation
New Roadmap Proposed to Boost Financial Inclusion in Trade
By Editors | 29/03/2023
The Roadmap identifies areas where coordinated action can make a significant impact, including through accelerated LEI adoption.
Payments & Settlements
CPMI Calls for Action to Boost PvP Adoption in FX Trades
By Editors | 29/03/2023
CPMI proposes steps private and public sector stakeholders can take to foster greater PvP adoption in FX trades to reduce settlement risk.
Payments & Settlements
BIS Innovation Hub Completes Project Nexus Proof-of-Concept
By Editors | 23/03/2023
The next phase of Nexus will connect the instant payment systems of Singapore, Indonesia, Malaysia, Philippines and Thailand.
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