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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.
PEPs & Sanctions
US Officials Asks Banks Maintain Services for Some Russian Firms
By Editors | 12/11/2022
The effort is said to be aimed at reducing the negative effects of Russia-targeting sanctions on the global economy.
CBDCs
NY Fed, MAS to Test CBDC-based Cross-Border Payments
By Editors | 11/11/2022
“Project Cedar Phase II x Ubin+” will seek to enhance designs for atomic settlement of cross-border cross-currency transactions, leveraging wholesale CBDCs as a settlement asset.
Cryptocurrency
RBNZ Considers Need to Regulate Crypto Assets
By Editors | 11/11/2022
The RBNZ plans to publish an issues paper on the potential need to regulate private cryptoassets early next month.
Payments & Settlements
BSP Proposes to Launch New Intraday Liquidity Facility
By Editors | 09/11/2022
Proposed rules governing the intraday liquidity facility are being circulated among banks and non-banks.
Payments & Settlements
RBI Eases Requirements for Rural Banks to Offer Internet Banking
By Editors | 08/11/2022
The net worth requirement and net NPA eligibility criteria have been relaxed, to promote the spread of digital banking for customers in rural areas.
Payments & Settlements
HK Banks Offer ‘PAPT’ Option for Mortgage Refinance Transactions
By Editors | 08/11/2022
The PAPT is being introduced to address risks that could arise for residential mortgage customers if a law firm handling a transaction is suspended.
Trading & Investment
ChinaClear Consults on Trading Calendar for Stock Connect
By Editors | 07/11/2022
Stock Connect will be able to trade on any day when both the Mainland and Hong Kong markets are open, even if the corresponding settlement day falls on a public holiday.
Payments & Settlements
Standard Chartered to Join Partior as Founding Shareholder
By Editors | 06/11/2022
The investment will strengthen Partior’s international reach and capabilities, while also helping StanChart accelerate the deployment of blockchain tech across its own network.
Payments & Settlements
MAS to Cooperate with Ghana on Trade and Financial Services
By Editors | 04/11/2022
MAS will work on initiatives to generate greater opportunities for trade and financial services cooperation between Singapore and Ghana.
CBDCs
NY Fed Issues Phase One Report on Wholesale CBDC Research
By Editors | 04/11/2022
In the test environment, wholesale CBDC transactions on a blockchain-enabled distributed ledger system settled in under 15 seconds on average.
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