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Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.
Structural Regulation
PBOC Issues Draft Regulations for Financial Infrastructures
By Editors | 17/12/2022
The regulations cover registration and custody systems, clearing and settlement, trading facilities, transaction reporting databases, important payment systems, and credit reporting systems.
CBDCs
Ant Group Embeds e-CNY Processing in Alipay Digital Wallet
By Editors | 17/12/2022
The integration of third party payments platforms is expected to boost e-CNY adoption while preventing the displacement of existing players in China’s payments sector.
Payments & Settlements
Australia Seeks Input on Strategic Plan for Payments System
By Manesh Samtani | 15/12/2022
The government will also empower the RBA to regulate digital wallet providers and improve the regulatory framework for crypto service providers.
Structural Regulation
GLEIF Confirms Utility of Embedding LEI in eSeals
By Editors | 14/12/2022
In a PoC, GLEIF demonstrated that embedding LEIs in eSeals allowed Japanese and European entities to transact digitally with greater trust.
Cloud & Infrastructure
FSC Korea Unveils New Support Measures for Fintech Startups
By Sanday Chongo Kabange | 14/12/2022
The measures include new funding for innovative firms, regulatory relaxations, and improvements to the sandbox programme.
Payments & Settlements
China, Hong Kong Set to Allow Quarantine Free Travel
By Editors | 14/12/2022
Travellers to Hong Kong will be allowed to visit restaurants and bars on arrival. Travellers to the Mainland will no longer have to quarantine.
Trading & Investment
HKEX Releases Details on Proposed Dual Counter Model
By Editors | 14/12/2022
Market makers and liquidity providers for the dual counter model will be onboarded starting in the first half of 2023.
Structural Regulation
UK Proposes Extensive Overhaul of Financial Services Regulations
By Manesh Samtani | 12/12/2022
The reforms include overhauls of the ring-fencing and senior managers regimes, a new green finance strategy, and an investment management exemption for cryptoassets.
Fraud, Scams & Cybercrime
India to Standardise Icons Used in Payment Apps to Curb Fraud
By Sanday Chongo Kabange | 08/12/2022
Project Pratima aims to introduce a uniform set of icons for basic payment actions and processes, curb fraud, and boost digital payments adoption.
Clearing & Post-Trade
Clearstream to Open Up Access to Korea Treasury Bonds
By Editors | 08/12/2022
The move comes after Korea passed a bill exempting non-residents and foreign corporations from having to pay income and capital gains tax on government bonds.
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