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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
BNM Finalises New Rules for Electronic Money Issuers
By Editors | 03/01/2023
E-money issuers with more than 500,000 active users are subject to stricter governance, business continuity management and technology risk management requirements.
Payments & Settlements
US FTC Orders Mastercard to Stop Blocking Competing Networks
By Editors | 03/01/2023
The FTC says Mastercard used its control over its “tokenisation” process to block the use of competing payment card networks.
Trading & Investment
China Extends Trading Hours of Onshore Yuan Market
By Editors | 03/01/2023
The move will provide greater convenience for global investors and enhance the attractiveness of yuan-denominated assets, the PBOC said.
Payments & Settlements
BSP Issues Rules for Participants of RTGS Payment System
By Editors | 28/12/2022
Non-bank e-money issuers and other entities can become direct participants of the RTGS payment system without being sponsored by existing participants.
PEPs & Sanctions
Russia, Iran Spend Billions on New Trade Route – Report
By Sanday Chongo Kabange | 28/12/2022
Russia and Iran are investing an estimated USD 25 billion in the new 3,000 km trade route. The existing route is 14,000 km long.
Stablecoins
Bank of Canada Papers Shine Spotlight on Stablecoins
By Sanday Chongo Kabange | 27/12/2022
The first paper calls for effective regulation to gain payments-related benefits. The second highlights concentration risks applicable to stablecoins and their holders.
Payments & Settlements
BNM Finalises New Rules for Payment System Operators
By Editors | 22/12/2022
The policy document primarily sets out regulatory requirements covering governance and risk management, in alignment with the PFMI.
Payments & Settlements
Citigroup Litigation in Revlon Dispute Comes to an End
By Editors | 22/12/2022
Citigroup reached an agreement with ten remaining Revlon lenders for them to repay the bank USD 504 million for mistakenly sent wire transfers.
Payments & Settlements
CSRC Sets 26 December Launch Date for DvP Reforms
By Editors | 20/12/2022
From 26 December, DvP settlement will be enabled for proprietary and custody business involving institutional investors.
Market Data & Technology
ICE Opens Access Centres in Hong Kong, Shanghai, Tokyo
By Editors | 18/12/2022
ICE says the enhanced connectivity includes ultra-low-latency access to exchanges in Hong Kong, Shanghai and Tokyo.
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