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

    Myanmar Bans Use of Foreign Currency for Local Payments

    By Editors | 30/05/2022

    The central bank said the use of foreign currencies in domestic payments could lead to higher demand for dollars and cause exchange rate instability.

    Clearing & Post-Trade

    HKEX to Launch New IPO Settlement Platform in June 2023

    By Editors | 29/05/2022

    HKEX will host technical workshops and demonstration sessions in the coming months, and commence FINI user registration and on-boarding in Q4 2022.

    Stablecoins

    World Bank Paper Explores Barriers to Stablecoin, CBDC Adoption

    By Sanday Chongo Kabange | 28/05/2022

    Stablecoins and CBDCs may not offer advantages over innovations that are built on top of or aim to improve existing financial plumbing.

    Payments & Settlements

    RBI Directs All Banks to Enable Cardless ATM Withdrawals

    By Editors | 26/05/2022

    The RBI’s directions are expected to curb frauds like card skimming and cloning. The UPI will be used for customer authorisation.

    Payments & Settlements

    BSP Issues Draft Operating Rules for RTGS Payment System

    By Sanday Chongo Kabange | 26/05/2022

    The RTGS system shall be operated, managed and maintained by the BSP given its recent designation as a systemically important payment system.

    CBDCs

    SWIFT to Develop Capabilities to Interlink CBDCs With Payment Systems

    By Sanday Chongo Kabange | 25/05/2022

    SWIFT will seek to interlink multiple CBDC platforms with existing payment systems, using existing bank messaging standards and authentication models.

    Payments & Settlements

    CSRC to Fully Implement DvP Settlement in Securities

    By Editors | 24/05/2022

    The rules taking effect on 20 June will enable DvP settlement for institutional investors and reduce the reserves settlement participants have to hold.

    Trading & Investment

    China’s Futures and Derivatives Law: A New Era

    By Jonathan Quie | 24/05/2022

    The new law sets the stage for the continued growth and development of the country’s capital market, say Melody Yang and Jonathan Quie.

    Payments & Settlements

    Shanghai Bourse Allows Pledging of Bond ETFs in Repo Trades

    By Editors | 22/05/2022

    The move is aimed at enhancing liquidity in bond ETF secondary markets by promoting greater participation by institutional investors.

    Structural Regulation

    Shanghai Directs Exchanges, FIs to Resume On-site Operations

    By Editors | 20/05/2022

    864 financial institutions are on a list of white-listed entities that are allowed to start sending employees back to the office. The list will be updated weekly.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.