Payments & Settlements

Payments & Settlements

ASX to Introduce New Measures for Handling Outages

By Sanday Chongo Kabange | 01/02/2023

ASX will introduce new order and trade download services and a ‘cancel only’ session state. A proposed intraday restart capability will not proceed.

Stablecoins

Japan FSA to Permit Foreign Issued Stablecoins by Early June

By Editors | 30/01/2023

Under the new regulations, the FSA will only permit stablecoins that pass checks to ensure user protections are in place and reserve assets are secure.

Clearing & Post-Trade

DTCC Publishes Testing Framework for US Move to T+1 Settlement

By Editors | 30/01/2023

The testing framework assumes a September 2024 implementation date. Testing dates may have to change as regulators have not yet confirmed an implementation date.

CBDCs

Digital Dollar Project Calls for US Leadership on CBDC Standard Setting

By Mark Johnston | 30/01/2023

The US’s cautious approach to CBDCs could negatively impact the domestic economy, threaten the dollar’s dominance and have implications for sanctions evasion.

Clearing & Post-Trade

India Completes Transition to T+1 Settlement Cycle

By Editors | 30/01/2023

The final phase of India’s T+1 transition roadmap covered the country’s largest listed securities, which transitioned to the new settlement cycle on Friday.

Structural Regulation

Laos Closes All Non-State Currency Exchange Channels

By Editors | 29/01/2023

Currency exchange transactions in Laos can now only be done through state-run banks. The move has resulted in nationwide business disruptions.

Custody & Infrastructure

New Network Launches to Facilitate Stablecoin, CBDC Transfers

By Editors | 27/01/2023

Several Tier 1 banks are participating in POCs to test the Universal Digital Payment Network (UDPN) for cross-border transfers and swaps.

Payments & Settlements

SEBI Proposes New Fund Blocking Mechanism for Securities Trades

By Editors | 21/01/2023

SEBI said the proposed ASBA-like mechanism for secondary markets is designed to safeguard client assets from broker misuse and defaults.

Trading & Investment

Exchanges Publish Draft Rules to Expand Stock Connect

By Editors | 20/01/2023

The draft rules cover changes to align the Mainland and Hong Kong’s trading calendars and expand the scope of stocks that can be traded via Stock Connect.