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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.
CBDCs
BOE Publishes Primer Explaining Plans for Possible CBDC
By Editors | 09/06/2022
The BOE will seek views from the public later this year about the possible issuance of a CBDC in the “second half of the decade” at the earliest.
Credit Risk
Bangladesh Bank Introduces New Facility to Finance Microloans
By Editors | 09/06/2022
Under the refinancing scheme, banks will be able to use central bank funds to provide low-cost small loans to individual customers.
Structural Regulation
Ant Group Launches Digital Bank Operations in Singapore
By Manesh Samtani | 06/06/2022
ANEXT Bank, wholly owned by Ant Group, will aim to provide digital financial services to MSMEs, particularly those with cross-border operations.
Operational Risk
HSBC, Hang Seng Suffer Internet Banking, ATM Disruption
By Editors | 06/06/2022
Finance sector legislator Chan Chun-ying said he expects the HKMA to demand detailed reports on the incident from the two banks.
Clearing & Post-Trade
Regulation the ‘Clinching Factor’ in Driving Sell-side Transformation
By Manesh Samtani | 05/06/2022
New research from the ValueExchange sheds light on the role legacy technology plays in the future growth of sell-side firms.
Payments & Settlements
ASIC Releases Updated ePayments Code
By Manesh Samtani | 02/06/2022
The revised Code extends the protections to cover NPP payments and toughens banks’ obligations to help customers recover funds sent to the wrong account.
Trading & Investment
Bangladesh Moves Towards Market Based Exchange Rates
By Editors | 02/06/2022
A policy requiring banks to quote uniform rates has been abandoned. Banks can base their FX rates on supply and demand.
Cloud & Infrastructure
Singapore Launches New Utility to Tackle Supply Chain, Trade Issues
By Manesh Samtani | 02/06/2022
Over 70 participants have signed on to use SGTraDex – including DBS, OCBC, Standard Chartered, UOB, Trafigura, ExxonMobil and Chevron.
Trading & Investment
China Opens Exchange Bond Markets to Foreign Investors
By Manesh Samtani | 31/05/2022
Foreign institutional investors in the interbank bond market are allowed to also invest in the Shanghai and Shenzhen exchange bond markets.
Structural Regulation
ACCC Commences Legal Proceedings Against Mastercard Units
By Editors | 31/05/2022
The ACCC says Mastercard offered cheaper rates to over 20 major retail businesses if they used its own network to process transactions.
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