ADVERTISEMENT
Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.
Liquidity Risk
RBA to Adjust Liquidity-Providing Market Operations
By Editors | 27/02/2022
The RBA will adjust the way it sets interest rates for repo transactions with banks and shorten the maximum tenor to four weeks.
Payments & Settlements
PBOC Allows Merchants to Continue Using Personal QR Codes
By Sanday Chongo Kabange | 27/02/2022
Rules issued last October were about to take effect that would have prohibited merchants from using personal QR codes to receive payments from 1 March.
PEPs & Sanctions
Russia Facing Comprehensive Sanctions Over Ukraine Invasion
By Manesh Samtani | 25/02/2022
The US is targeting all ten of Russia’s largest financial institutions. Russian access to most major markets has been restricted.
CBDCs
GFMA Paper Outlines Benefits and Challenges of Wholesale CBDCs
By Editors | 23/02/2022
A wholesale CBDC must be crafted with public and private sector collaboration. Implementation timelines should be set cautiously.
Payments & Settlements
Nepal to Become First Country to Deploy India’s UPI
By Editors | 21/02/2022
Nepal’s UPI is expected to be deployed over the next few months, with all the functionalities and features presently available in India.
Payments & Settlements
Bank Indonesia Deepens Ties with BOK Under New MoU
By Editors | 20/02/2022
The collaboration will include areas such as cross-border payments, digital payments, and other areas related to settlement and market infrastructure.
Payments & Settlements
Sri Lanka Launches National Remittance Mobile App
By Duruthu E Chandrasekera | 20/02/2022
The new mobile app is expected to lower the cost of inward remittances by foreign workers and reduce the use of black market channels.
Operational Risk
FSA Issues Business Improvement Order to Mizuho, Again
By Editors | 18/02/2022
The business improvement order requires Mizuho and its parent to report to the FSA about the cause of another system failure which halted ATM operations on 11 February.
Payments & Settlements
Bangladesh Revises Rules on Mobile Financial Services
By Sanday Chongo Kabange | 17/02/2022
The revised regulations allow financial institutions other than banks, as well as government entities, to provide mobile financial services.
Payments & Settlements
Indonesia Advances Local Currency Use in Cross-border Settlement
By Editors | 17/02/2022
Domestic banks will be able to access other Asian currencies via cross-currency repo and other collateralised transactions with Bank Indonesia.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.