Payments & Settlements

    Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.

    Market Risk

    HKMA Emphasises PvP Settlement in Revised FX Guidance

    By Manesh Samtani | 19/01/2022

    Banks should aim to have all their FX trades become eligible for PvP settlement, while also encouraging counterparties to do the same.

    Payments & Settlements

    MAS Gets New Mechanism to Transfer Excess Reserves to GIC

    By Darien Choong | 17/01/2022

    MAS will transfer about SGD 185 billion in excess reserves to the government in stages. GIC is estimated to become the world’s third-largest sovereign wealth fund as a result.

    Trading & Investment

    Taiwan Allows Investors to Use Pre-settled Funds for Stock Trading

    By Editors | 16/01/2022

    Investors will be able to use claims on pre-settled funds from the sale of stock as collateral for trading, which will improve market liquidity and investor convenience.

    Trading & Investment

    Thai Stock Exchange Unveils Three-Year Strategic Plan

    By Mark Johnston | 14/01/2022

    The SET will launch a new exchange for fundraising by SMEs and startups within in Q1, and a new digital asset exchange in Q3.

    Trading & Investment

    TAIFEX to Add More Mini Contracts, Night Products in 2022

    By Editors | 13/01/2022

    TAIFEX will also replace its older trading system equipment by Q4 2022 to improve trading efficiency, market capacity and service delivery.

    Data Privacy

    Policy Reforms Needed for Platform-based Financial Services: BIS

    By Sanday Chongo Kabange | 13/01/2022

    A BIS paper says platform-based business models can lower costs and aid financial inclusion, but they can also give rise to digital monopolies and oligopolies.

    CBDCs

    BIS, SNB, SIX Complete wCBDC Integration Test with Bank Systems

    By Editors | 13/01/2022

    In the second phase of Project Helvetia, a wholesale CBDC was used to test settlement of interbank, monetary policy and cross-border transactions with banking systems.

    Structural Regulation

    PBOC Enhances Registration System for Movable Assets and Rights

    By Darien Choong | 13/01/2022

    Under a unified registration system, the PBOC will assume responsibility for pledges of movable assets and rights from the SAMR.

    Trading & Investment

    Indian Investors Gain Access to Russian Financial Markets

    By Editors | 12/01/2022

    Sova Capital, a MOEX clearing member, is providing Indian investors access to Russian markets in partnership with India INX and its Global Access platform.

    CBDCs

    MAS Publishes Global CBDC Challenge 2021 Report

    By Editors | 11/01/2022

    MAS hopes to galvanise the financial ecosystem to co-create the next generation of payment rails built on the latest innovations.

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