Payments & Settlements

Clearing & Post-Trade

Euroclear ICSD Enables Lux ETF Cross-Listings on SGX, HKEX

By Editors | 21/10/2022

With support from Euroclear, DWS migrated Luxembourg ETFs to the ICSD model in order to list in Hong Kong and Singapore.

Payments & Settlements

MAS Proposes to Raise Caps Imposed on E-Wallets

By Manesh Samtani | 21/10/2022

Besides raising the caps, MAS also proposes to introduce an exemption to allow for ‘white labelling’ of e-wallet accounts.

Trading & Investment

Hong Kong Leader Announces Measures to Revitalise City

By Manesh Samtani | 20/10/2022

Lee’s administration will work to speed up the implementation of mutual market access arrangements with the mainland, among other measures.

Payments & Settlements

Korea Warns Against Direct FX Transactions Between Individuals

By Editors | 19/10/2022

Any foreign currency transactions worth more than KRW 5,000 has to be reported to the central bank, or face penalties for violating Korea’s foreign exchange laws.

Cloud & Infrastructure

India Launches Digital Banking Units to Advance Financial Inclusion

By Editors | 19/10/2022

The units were established by 24 banks to house digital infrastructure for the delivery of digital banking products and services in self-service and assisted mode.

Payments & Settlements

US FTC Expands Competition Probe Into Visa, Mastercard

By Editors | 18/10/2022

The FTC is investigating whether the security technology used by Visa and Mastercard raises the likelihood that payments over different networks will be rejected.

Clearing & Post-Trade

DBS Becomes LCH SwapClear’s First Direct Member in Singapore

By Editors | 18/10/2022

DBS will be able to post Singapore government bonds as collateral, making LCH the first global offshore clearing house to accept the asset class as eligible collateral.

Structural Regulation

Australia’s First Islamic Bank Prepares for Limited Launch

By Editors | 14/10/2022

Customers will be charged rent while living under the bank’s share of a property, rather than paying interest.

Payments & Settlements

RBA Suffers, and Recovers from, Four-Hour Outage

By Editors | 14/10/2022

The outage disrupted real-time and overnight payments routed through the NPP, causing a backlog of transactions which the RBA is working to clear.