Payments & Settlements

Payments & Settlements

BSP Seeking to Eliminate Fees for Small Value Transactions

By Editors | 06/03/2023

The BSP is considering lowering the RRR in exchange for banks waiving their fees on small transactions, as part of efforts to promote financial inclusion.

Clearing & Post-Trade

AFME Announces Establishment of T+1 Industry Taskforce

By Editors | 02/03/2023

The task force will assess whether Europe should follow the US and other jurisdictions in moving to shorter settlement cycles.

Trading & Investment

ASX Issues 3rd Consultation on Measures for Handling Outages

By Sanday Chongo Kabange | 02/03/2023

ASX is consulting on enhancements to its test strategy, interconnectedness with other market operators, and its BCP strategy.

Payments & Settlements

CPMI Consults on Harmonisation Requirements for ISO 20022

By Editors | 02/03/2023

CPMI is seeking feedback on technical harmonisation requirements for the use of ISO 20022 messages in cross-border payments.

Clearing & Post-Trade

HKEX to Commence FINI External User Testing from 1 March

By Editors | 28/02/2023

External user testing will occur between 1 March and 19 May. The new web-based platform will officially roll out later this year.

Payments & Settlements

FSB Sets Out Next Steps for Enhancing Cross-border Payments

By Editors | 26/02/2023

The next phase of work focuses on payment system interoperability, legal and regulatory frameworks, and cross-border data exchange.

Structural Regulation

Crypto-focused Custodia Bank Continues to Pursue Fed Master Account

By Editors | 26/02/2023

The Fed board refused to reconsider its decision to reject Custodia Bank’s application to become a member of the Federal Reserve System.

Cryptocurrency

FTX Japan Processes $50m in Withdrawals on Day One of Reopening

By Editors | 25/02/2023

Japan law requires crypto exchanges to keep users’ assets segregated, which prevented FTX Japan from being included in the US bankruptcy proceedings.

Payments & Settlements

FSB, CPMI Seek Nominations for Cross-border Payments Task Forces

By Editors | 24/02/2023

The FSB and CPMI are inviting firms to nominate senior representatives to two separate task forces that will focus on enhancing cross-border payments.