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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
Five ASEAN Central Banks to Link Payment Systems
By Editors | 21/07/2022
The central banks of Indonesia, Malaysia, the Philippines, Singapore and Thailand will formally sign an agreement on payment connectivity in November.
Payments & Settlements
Singapore Finalises Key Settings of MAS Recommended Rate
By Editors | 20/07/2022
The MAS Recommended Rate is the fallback rate that will apply to outstanding SOR-based business loans and derivatives when Fallback Rate (SOR) is discontinued after end-2024.
Payments & Settlements
India, Indonesia to Work Towards Establishing Payment Linkages
By Editors | 20/07/2022
The RBI and Bank Indonesia will cooperate in areas such as cross-border payments, digital innovation, and AML/CFT.
Payments & Settlements
RBNZ Launches New Standing Repo Facility
By Editors | 19/07/2022
The facility will allow eligible counterparties to lend NZD overnight and receive New Zealand government bonds as collateral.
Payments & Settlements
BSP Designates Two “Prominently Important” Payment Systems
By Editors | 18/07/2022
The designation of PESONet and InstaPay as Prominently Important Payment Systems will mean they are subject to closer BSP supervision and monitoring.
CBDCs
BOK to Commence CDBC Testing with Ten Commercial Banks
By Sanday Chongo Kabange | 18/07/2022
The ten banks including Shinhan Bank and NH Nonghyup Bank will test CBDC remittances and payments between individual users.
Payments & Settlements
RBI Grants First In-Principle Approvals for Payment Aggregator Licence
By Editors | 17/07/2022
Razorpay, Pine Labs, Stripe, and 1Pay Mobileware are among those that have received the in-principle approval.
Stablecoins
CPMI, IOSCO Issue Final Guidance on Stablecoin Arrangements
By Editors | 14/07/2022
CPMI and IOSCO confirm that the PFMI apply to systemically important stablecoin arrangements that transfer stablecoins.
Payments & Settlements
Cambodia Establishes Common National Standard for QR Payments
By Editors | 12/07/2022
NBC intends to use the new KHQR system to facilitate cross-border payments within the region in future.
PEPs & Sanctions
Why India Does Not Use Sanctions
By Mathew Chemplayil | 12/07/2022
India’s attitudes against isolating Russia arise from its strategic interests with Moscow and a long history as a recipient of sanctions, says Mathew Chemplayil.
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