Payments & Settlements

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

    Payments & Settlements

    CLS Awarded Market Infrastructure of the Year 

    By Editors | 10/12/2021

    CLS operates the largest multi-currency cash settlement service in the world, and addresses the most significant risk in the FX market – settlement risk.

    Structural Regulation

    Taiwan FSC to Increase Flexibility of OBU Account Regulations

    By Darien Choong | 08/12/2021

    Restrictions on fund movements and parking of funds in offshore banking unit accounts will be eased, the FSC said.

    Payments & Settlements

    BSP Urges Rural Banks to Promote Financial Inclusion Through Tech

    By Mark Johnston | 07/12/2021

    As of end-June 2021, there were over 3,000 rural banks nationwide. However, only 21 of them offer PESONet and 11 offer InstaPay for electronic fund transfer services.

    Clearing & Post-Trade

    Industry Bodies Set Roadmap for Shorter US Equities Settlement Cycle

    By Sanday Chongo Kabange | 07/12/2021

    Shortening the settlement cycle to T+1 is expected to reduce risks and costs for the securities industry, but also present challenges for foreign market participation.

    Trading & Investment

    Bursa Malaysia Derivatives Launch Night Trading Session

    By Sanday Chongo Kabange | 06/12/2021

    Bursa’s new T+1 night trading session seeks to enhance the competitiveness and attractiveness of Malaysian derivatives markets.

    Structural Regulation

    CBIRC Issues Draft Rules on Fair Pricing of Banking Services

    By Darien Choong | 06/12/2021

    Banks should not engage in unfair competition through low pricing, and they must not charge fees without providing substantive services.

    Payments & Settlements

    RBNZ Proposes Policy Options to Preserve Cash System

    By Sanday Chongo Kabange | 02/12/2021

    The increasing appeal of non-cash and online payment options and the reducing number of bank branches and ATMs could present resilience issues for the cash system.

    Trading & Investment

    Wealth Connect to be Refined, Expanded Over Time: HKMA

    By Mark Johnston | 01/12/2021

    Account opening by attestation is expected to be piloted for the WMC’s Northbound scheme, allowing Hong Kong investors to participate without having to travel.

    Payments & Settlements

    HKEX Issues Update on FINI Operational Arrangements

    By Manesh Samtani | 01/12/2021

    HKEX provides key operational arrangement updates for FINI in a new information pack, including the onboarding requirements for market participants.

    Clearing & Post-Trade

    ASX Opens First Industry Test Environment for CHESS Replacement

    By Editors | 01/12/2021

    ITE1 is open for software providers to test functional and non-functional workflows for the new equities clearing and settlement system.

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