Payments & Settlements

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

    Payments & Settlements

    Australia Commences Roll-out of New Payments Service PayTo

    By Editors | 04/07/2022

    PayTo checks upfront for adequate funds in the paying customer’s account at payment initiation, reducing rejected payments and manual exception handling.

    Payments & Settlements

    US Fed Delays ISO 20022 Implementation Until March 2025

    By Editors | 03/07/2022

    ISO 20022 implementation for the Fedwire Funds Service is being delayed to prioritise the launch of the new FedNow Service.

    Trading & Investment

    Chinese Banks Asked to Prepare for Longer Yuan Trading Hours

    By Editors | 29/06/2022

    Longer trading hours will help meet the rising global demand for yuan transactions, narrow the onshore-offshore spread, and help Chinese investors hedge currency risk.

    Sustainable Finance

    G7 Announces Initiative to Counter Belt and Road Initiative

    By Editors | 28/06/2022

    The US plans to contribute USD 200 billion to the new initiative, while the rest of the G7 will contribute another USD 400 billion.

    PEPs & Sanctions

    Sanctions Force Russian Sovereign Debt Default

    By Editors | 28/06/2022

    Russia made USD 100 million in payments due on 27 May to Euroclear, but the funds were not delivered to investors due to sanctions.

    Payments & Settlements

    China Approves Plans to Strengthen Payments, Fintech Regulation

    By Editors | 27/06/2022

    The plan, approved by President Xi Jinping, calls for the “complete inclusion” of payments and other financial activities within regulations.

    Clearing & Post-Trade

    ICMA Issues Guidance to Promote Bond Settlement Efficiency

    By Editors | 25/06/2022

    The best practice recommendations cover shaping of settlement instructions, partial settlement, auto-borrowing and netting.

    Payments & Settlements

    DBS Launches Overseas QR Payments for Singapore Users

    By Editors | 24/06/2022

    Users of the DBS mobile payment and wallet service known as PayLah! can scan UnionPay QR codes to pay in 45 countries.

    CBDCs

    Mojaloop Launches CBDC Center of Excellence in Singapore

    By Editors | 24/06/2022

    MAS welcomed the Center of Excellence, describing Mojaloop’s efforts as “a step forward into the future of financial services”.

    Payments & Settlements

    RBI 2025 Vision Targets Growth in Digital Payments

    By Mark Johnston | 23/06/2022

    The vision document outlines plans to introduce a framework for regulating all “significant intermediaries” in the payments ecosystem, as well as regulations for bigtech, fintechs and BNPL.

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