Payments & Settlements

    Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.

    CBDCs

    New Report Offers Guidance to Central Banks on CBDC Design

    By Editors | 12/07/2022

    A report from CPMI, BISIH, IMF and World Bank assesses the options for access to and interoperability of CBDCs, to ensure they improve cross-border payments.

    Payments & Settlements

    India Enables Rupee Settlement Mechanism for International Trades

    By Editors | 12/07/2022

    The mechanism allows international trades to be invoiced and settled using the rupee, enabling India to buy Russian oil without US sanctions exposure.

    Payments & Settlements

    CPMI Offers Global Framework for Interlinking Payment Systems

    By Editors | 12/07/2022

    The growing use of APIs and the adoption of ISO 20022 have opened up new possibilities for facilitating payment system interlinking, CPMI says.

    Payments & Settlements

    FSB Urges Adoption of LEI in Cross-border Payments

    By Editors | 10/07/2022

    Using the LEI in cross-border payments could facilitate straight-through processing, reduce costs, increase transaction speeds, and facilitate KYC compliance.

    Payments & Settlements

    FSB Advances Work on G20 Cross-border Payments Roadmap

    By Editors | 08/07/2022

    The FSB has proposed KPIs and data sources for monitoring progress toward quantitative global targets for addressing the challenges faced by cross-border payments.

    Clearing & Post-Trade

    Vietnam Securities Market to Move to T+2 Settlement Cycle

    By Editors | 06/07/2022

    Under draft regulations, clearing banks will have to complete payment and securities settlement between 11.30am and 12.30pm on T+2.

    Trading & Investment

    China Eases Foreign Investor Access to Interbank Bond Market

    By Darien Choong | 06/07/2022

    The measures include lower Bond Connect fees, a cross-border bond subscription service, and easier access to the FX market for hedging.

    Clearing & Post-Trade

    ASX Responds on Tranche 3 Rule Changes for CHESS Replacement

    By Editors | 05/07/2022

    The rule amendments will be subject to regulatory approvals. ASX proposes to lodge the combined rules package with ASIC in Q4 of calendar year 2022.

    Clearing & Post-Trade

    Hong Kong, China to Launch ‘Swap Connect’ in Six Months

    By Sanday Chongo Kabange | 05/07/2022

    Swap Connect will initially enable Hong Kong and international investors to trade in Mainland interest rate swaps, and potentially other derivatives in futures.

    Payments & Settlements

    ASIC Calls on Industry to Bolster Resilience to Market Outages

    By Manesh Samtani | 05/07/2022

    Market participants should not delay broader planning and change programmes aimed at ensuring their resilience to market outages, ASIC says.

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