ADVERTISEMENT
Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.
Payments & Settlements
Thailand Set to Launch Letter of Guarantee System for Banks
By Editors | 31/10/2022
The Bank of Thailand said the new blockchain-based system has passed its regulatory sandbox process after being tested by 18 commercial banks.
Payments & Settlements
EU Commission Proposes New Rules on Instant Payments
By Manesh Samtani | 30/10/2022
Banks would be required to offer instant payments at the same cost as other credit transfers. Instant euro payments may later be expanded internationally.
Payments & Settlements
SWIFT Defers ISO 20022 Migration to March 2023
By Editors | 28/10/2022
The new start date is aligned with the ECB’s decision to delay the launch of T2. The new 20 March 2023 start date is “definitive”, SWIFT said.
Clearing & Post-Trade
Don’t Overlook the Value of LEI
By Joseph Capablanca | 28/10/2022
DTCC’s Joseph Capablanca discusses the importance of the LEI for improving transparency, cutting costs, and reducing operational risk in the global financial industry.
CBDCs
BIS Innovation Hub Releases mBridge Report, Sets Out Next Steps
By Editors | 27/10/2022
The mBridge project team will continue working to get to a minimum viable product that can be used by early adopters next year.
CBDCs
Japan Credit Bureau to Develop CBDC Payments Solution
By Editors | 26/10/2022
JBC, IDEMIA and Soft Space plan to develop a CBDC payment solution and conduct a pilot test with Tokyo merchants.
PEPs & Sanctions
RBI Grants First Vostro Approvals to Russian Banks
By Editors | 26/10/2022
Sberbank and VTB Bank have been granted approval to open vostro accounts in India to settle rupee trade transactions.
Trading & Investment
ASX Sets Out Measures for Handling Future Outages
By Editors | 24/10/2022
ASX will consult on a new automated service that can provide greater certainty about trade and order status, and a new ‘Cancel Only’ session state.
Clearing & Post-Trade
India: ISDA Requests Details on CCIL’s Proposed UMR Services
By Editors | 24/10/2022
ISDA has responded to CCIL proposals to create a margining and collateral service for non-centrally cleared OTC derivatives trades in India.
PEPs & Sanctions
Sri Lanka Will Not Adopt Russia’s Mir Card Scheme
By Editors | 23/10/2022
The CBSL said it is not in a position to consider Russia’s request to operate the Mir card scheme in Sri Lanka, due to US sanctions.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.