Payments & Settlements

Payments & Settlements

BSP Introduces Multiple Batch Settlement to PESONet

By Ranamita Chakraborty | 26/01/2022

The change increases PESONet’s daily batch settlement to two cycles, enabling better risk management for FIs and greater convenience for customers.

Cryptocurrency

Thailand to Prohibit Use of Digital Assets in Payments

By Manesh Samtani | 26/01/2022

The SEC is consulting on draft rules that will prohibit digital asset businesses from enabling merchants to accept crypto as payment for goods and services.

Structural Regulation

China Tightens Rules on Internet Platform Companies

By Sanday Chongo Kabange | 26/01/2022

The rules tighten restrictions on internet platform companies investing in financial services firms and ask them to implement capital and leverage ratio requirements.

CBDCs

BIS Innovation Hub to Expand Work Programme in 2022

By Editors | 25/01/2022

The BIS Innovation Hub will launch new projects into CBDCs, payments systems, DeFi, green finance, regtech, suptech and cybersecurity.

Structural Regulation

China Issues Foundational Rules to Connect Bond Markets

By Darien Choong | 25/01/2022

Participants will be able to access the interbank and exchange-traded bond markets without having to open separate accounts.

Cloud & Infrastructure

BNM Unveils Five Year Blueprint to Develop Financial Sector

By Manesh Samtani | 25/01/2022

The blueprint contains plans to advance financial sector digitalisation, develop an open data ecosystem, and improve efficiency in cross-border payments.

Payments & Settlements

Singapore, Indonesia to Deepen Cooperation on Payments, AML

By Editors | 22/01/2022

MAS and Bank Indonesia will deepen cooperation on payments innovation, monetary policy, macroprudential policy, financial stability, and AML/CFT.

Structural Regulation

RBNZ, FMA Releases Finalised Framework for FMIs

By Sanday Chongo Kabange | 21/01/2022

Changes from the consultation relate to the treatment of critical service providers and introduce discretion regarding the publication of material breaches.

Clearing & Post-Trade

CSRC Proposes to Enhance Securities Settlement System

By Darien Choong | 19/01/2022

The draft rules enable DvP settlement for proprietary and custody businesses involving institutional investors by linking securities transfers to cash payments.