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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.
PEPs & Sanctions
Australia Sanctions More Russian Lawmakers, US Blocks Port Access
By Editors | 26/04/2022
Australia has now sanctioned nearly 750 individuals and entities in response to the war in Ukraine. Russian-affiliated vessels are prohibited from entering US ports.
Payments & Settlements
US Agencies Target MoneyGram Over Delayed Remittances
By Editors | 24/04/2022
The complaint says the delays caused harm to recipients who were waiting for their money that had become “stuck in” or “looped” in MoneyGram’s systems.
Payments & Settlements
Thailand Relaxes Foreign Exchange Regulations for Businesses
By Editors | 24/04/2022
The BOT is scrapping a $50mn annual limit on lending to unaffiliated companies in foreign countries, as well as limits on purchases of overseas real estate.
Tokenisation
Asset Managers Should Put Customers at Heart: SGX
By Manesh Samtani | 21/04/2022
At the IMAS Digital Summit 2022, SGX CEO Loh Boon Chye discussed the exchange’s approach to digital assets and technology adoption.
Structural Regulation
China to Unify Domestic Markets to Prevent Unfair Competition
By Editors | 19/04/2022
China will cultivate a unified national ecological and environment market and create unified carbon emissions and water rights trading markets.
Payments & Settlements
HKMA Asks Banks to Help Reactivate Dormant Mainland Accounts
By Editors | 18/04/2022
Hong Kong customers are facing difficulties reactivating their Mainland accounts due to travel restrictions preventing them from visiting the banks’ branches in person.
Payments & Settlements
RBI to Simplify E-Commerce Payment Settlement Process
By Editors | 15/04/2022
Foreign entities seeking to operate as payment gateways and aggregators for e-commerce-related export and import transactions would have to be authorised in India.
CBDCs
BOJ Offers Clues on Path Forward for CBDC Issuance
By Manesh Samtani | 15/04/2022
The BOJ has commenced phase two testing on a CBDC. Later this fiscal year, it plans to seek input from the public on how a CBDC might benefit businesses and the overall payments landscape.
Emerging Prudential Risks
ASEAN Ministers, Central Banks Prioritise Financial Stability, Inclusion
By Sanday Chongo Kabange | 14/04/2022
Finance ministers and central bankers have committed to promoting financial stability, financial inclusion and banking integration in the ASEAN region.
Trading & Investment
Work Advances to Bring RMB-denominated Stocks to Hong Kong
By Manesh Samtani | 11/04/2022
Hong Kong official Christopher Hui said a feasibility study has been completed and the next step is to engage with mainland regulators and relevant organisations.
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