ADVERTISEMENT
Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.
PEPs & Sanctions
European Commission Proposes Complete Ban on Russian Oil
By Editors | 05/05/2022
Three more Russian banks will be removed from SWIFT, three broadcasters will be blocked, and more military officers and individuals will be sanctioned.
Payments & Settlements
RBA Calls on Major Banks to Enhance NPP Services
By Editors | 05/05/2022
The RBA is seeking assurances on the timely implementation of new NPP services, and asking banks to improve the reliability of the NPP services they already provide.
Payments & Settlements
US, Europe to Pilot Real-time Cross-border Payments This Year
By Editors | 03/05/2022
The IXB pilot service will initially support instant payments in the USD-EUR corridor, with a full-service offering expected in 2023.
Structural Regulation
BNM Awards Digital Bank Licences to Five Applicants
By Editors | 29/04/2022
The licence winners include Axiata’s Boost Holdings, RHB Bank, Grab-Singtel’s GXS Bank, Kuok Brothers, Sea Limited, YTL Digital Capital, AEON, MoneyLion, and KAF Investment Bank.
CBDCs
Philippine Central Bank to Pilot Test Wholesale CBDC
By Editors | 28/04/2022
Project CBDCPh will test the use of a wholesale CBDC for large-value financial transactions across a limited number of financial institutions.
PEPs & Sanctions
ICMA Issues Guidance on Repo Trades Impacted by Sanctions
By Manesh Samtani | 27/04/2022
ICMA provides guidance on handling situations where counterparties may fail to deliver collateral securities due to the imposition of sanctions.
Payments & Settlements
Myanmar Exempts Foreign Firms from FX Conversion Rule
By Editors | 27/04/2022
An order requiring all foreign currency held in bank accounts to be converted into local currency will not apply to businesses in special economic zones and most other foreigners.
PEPs & Sanctions
China UnionPay to Halt Operations in Russia
By Editors | 27/04/2022
UnionPay has reportedly halted negotiations with Russian banks on issuing new bank cards for their customers to avoid possible sanctions.
CBDCs
BIS, Bank Indonesia Invite Firms to Solve CBDC Challenges
By Editors | 26/04/2022
Firms are invited to develop new solutions for issuing and distributing CBDCs, improve interoperability and advance financial inclusion.
Structural Regulation
RBI Expands LEI Requirements for Corporate Borrowers
By Manesh Samtani | 26/04/2022
The RBI has prescribed timelines for borrowers with exposure of INR 50 million to obtain an LEI, including customers of NBFCs and UCBs.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.