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

    RBI Publishes Full List of Payment Aggregator Approvals

    By Editors | 22/02/2023

    This is the first time the RBI has published a list of entities that sought approval to act as online payment aggregators.

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    Payments & Settlements

    ISO 20022 Adoption Benefits Banks and Their Clients

    By Kevin Wong | 22/02/2023

    The global implementation of the ISO 20022 standard beginning in March 2023 marks the start of an exciting new era for cross-border payments, says Kevin Wong.

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    Emerging Prudential Risks

    FSB Highlights NBFI, Crypto and DeFi as Key Priorities for 2023

    By Editors | 21/02/2023

    In a letter to G20 ministers, FSB chair Klaas Knot discusses commodity market vulnerabilities and work to address DeFi/crypto risks and enhance cross-border payments.

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    Payments & Settlements

    BOE Sets Out Vision for UK Payments with RTGS Roadmap

    By Mark Johnston | 21/02/2023

    The BOE will improve its RTGS through a new core settlement engine, migration to ISO 20022 messaging, and build-in CBDC functionality.

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    Payments & Settlements

    CPMI Offers Guidance on Extending RTGS Operating Hours

    By Editors | 21/02/2023

    Extending RTGS system operating hours across jurisdictions would facilitate faster, cheaper, more accessible and more transparent cross-border payments.

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    Payments & Settlements

    Singapore, India Launch Real-time Payments Linkage

    By Editors | 21/02/2023

    The service is available in Singapore via DBS and Liquid Group, and in India via Axis Bank, DBS India, ICICI Bank, Indian Bank, Indian Overseas Bank and State Bank of India.

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    Clearing & Post-Trade

    ASX Sets Out New Roadmap for CHESS Replacement Solution

    By Manesh Samtani | 20/02/2023

    ASX is giving away up to AUD 70 million to stakeholders in rebates and incentives to support their efforts in meeting project milestones.

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    Tokenisation

    Hong Kong Issues First-of-its-kind Tokenised Green Bond

    By Editors | 17/02/2023

    Financial Secretary Paul Chan said the issuance demonstrates Hong Kong’s strengths in combining bond market, green and sustainable finance, and fintech.

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    Clearing & Post-Trade

    US SEC Sets May 2024 Target for Move to T+1 Settlement Cycle

    By Editors | 16/02/2023

    SEC commissioners Hester Peirce and Mark Uyeda say the 28 May 2024 effective date does not leave enough time for the market to transition.

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    Payments & Settlements

    HSBC Launches Multicurrency Payment Platform for E-Commerce

    By Editors | 13/02/2023

    The platform allows e-commerce businesses in Hong Kong to receive payments from overseas customers in six currencies within minutes.

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