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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.
Clearing & Post-Trade
HKEX Enhances Third Party Clearing Arrangement for HKFE Contracts
By Editors | 31/03/2022
As of Monday, non-clearing participants can appoint more than one general clearing participant to clear and settle HKFE contracts.
Payments & Settlements
RBI to Require Geo-Tagging of Payment System Touch Points
By Editors | 31/03/2022
Banks and payment system operators will have to capture, maintain and report the geographical coordinates of all payment touch points deployed by merchants.
CBDCs
Bank of Japan Concludes Phase One CBDC Testing
By Editors | 28/03/2022
Phase one testing explored the feasibility of CBDC issuance, distribution and redemption. Phase two will test additional functions starting next month.
Payments & Settlements
HKMA Issues Additional Guidance for SVF Licensees
By Editors | 28/03/2022
New practice note offers guidance on governance, outsourcing, internal controls, technology risk, and business conduct, among other areas.
Sustainable Finance
Climate Impact X, Carbonplace Partner on Carbon Credit Trading
By Editors | 28/03/2022
The pilot will establish a framework for executing carbon credit transactions via Climate Impact X’s marketplace, with Carbonplace performing all settlements.
Cryptocurrency
Thailand Bans Use of Crypto as Means of Payments
By Editors | 24/03/2022
From 1 April, digital asset business operators are prohibited from enabling merchants to accept digital assets as a means of payment for goods or services.
Payments & Settlements
SEBI Eases Norms on Mutual Fund Transactions by Investors
By Editors | 23/03/2022
Norms prohibiting the use of one-time mandates to accept payments for mutual fund transactions have been eased.
CBDCs
BIS, Central Banks Complete Development of Multi-CBDC Prototypes
By Sanday Chongo Kabange | 23/03/2022
The initial phase of Project Dunbar has proved that the concept of multi-CBDCs is technically viable, says a new project report.
Payments & Settlements
India, China to Enable Cross-Border Payments With Arab World
By Editors | 21/03/2022
India’s NPCI and China’s UnionPay have signed agreements to establish interoperability with Buna, a payment system owned by the Arab Monetary Fund.
PEPs & Sanctions
Russia Promises to Contain Economic Fallout from Sanctions
By Manesh Samtani | 21/03/2022
Australia bans alumina exports to Russia. India is working on a rupee-ruble trade arrangement that would allow it to continue buying Russian energy.
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