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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.
Payments & Settlements
More Than 500 Banks Have Now Adopted ‘Swift Go’
By Editors | 30/11/2022
Swift outlines progress made in 2022 toward the G20’s goals for enhancing cross-border payments, including through CBDC experimentation.
Cybersecurity
CPMI, IOSCO Identify Cyber Resilience Weaknesses at Some FMIs
By Editors | 30/11/2022
Some financial market infrastructures have not yet developed their cyber response and recovery plans to meet the two-hour recovery time objective.
Clearing & Post-Trade
India to Move F&O Stocks to T+1 Settlement in January
By Editors | 29/11/2022
The initial plan was to move stocks for which futures and options are available to the new T+1 settlement cycle in two batches.
Reporting & Disclosures
UK, Singapore to Deepen Collaboration on FinTech, Sustainable Finance
By Editors | 26/11/2022
The UK and Singapore agreed to deepen cooperation on FinTech and sustainable finance, including to explore a global framework for regulating ESG ratings and data providers.
Clearing & Post-Trade
ESMA to Simplify Cash Penalties Process Under CSDR
By Editors | 24/11/2022
The amendments simplify the cash penalties process by putting CSDs in charge of collection and distribution, including for CCP-cleared transactions.
Payments & Settlements
ZA Bank, Wise Partner to Offer International Remittances
By Manesh Samtani | 24/11/2022
ZA Bank will offer a “hassle-free service to users, without worrying about any foreign exchange markup, hidden charges and transfer progress.”
Payments & Settlements
IMF Shines Spotlight on Benefits of Instant Payments
By Sanday Chongo Kabange | 24/11/2022
The IMF says demand attributes and benefits offered by instant payments may make CBDC less compelling if issued.
Structural Regulation
Thailand Eases Rules for FX Business Operators
By Sanday Chongo Kabange | 23/11/2022
The new rules will help promote innovation by foreign exchange service providers while also reducing the operational burden associated with licensing.
Trading & Investment
China Optimises Bond Investment Rules to Lure Foreign Investors
By Editors | 21/11/2022
The rules are aimed at making it easier for foreign institutional investors to participate in China’s bond market.
Payments & Settlements
Thailand, Vietnam Go Live With Cross-border QR Payment Link
By Editors | 20/11/2022
The link will enable customers, tourists and merchants make and receive payments with convenience, speed, security, transparency and at low cost, the BOT and SBV said.
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