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

    SAFE Fines Tenpay for Breaching Foreign Exchange Rules

    By Editors | 30/11/2021

    Tenpay failed to submit relevant materials and handle foreign exchange sales services in accordance with regulations.

    Payments & Settlements

    BSP Allows Digital Banks to Participate in Monetary Operations

    By Editors | 30/11/2021

    Digital banks and unit investment trust funds can also participate in the secondary market for central bank securities.

    Clearing & Post-Trade

    CPMI, IOSCO Consider Client Clearing Access Models

    By Editors | 29/11/2021

    Improving access to client clearing is “critical” to ensuring all standardised OTC derivatives contracts are cleared through CCPs.

    Payments & Settlements

    Japan FSA Orders Mizuho to Undergo Structural Reforms

    By Editors | 29/11/2021

    Mizuho is directed to formulate plans to improve its governance and prevent more system failures from occurring. Three top executives will resign.

    Structural Regulation

    SFC Issues Technical Guidance for New Reporting Regime

    By Editors | 28/11/2021

    A new paper introduces a pre-defined file format for OTCR submissions. Guidance on the new investor identification regime has also been released.

    Trading & Investment

    ASIC Imposes Licence Conditions on ASX Over 2020 Outage

    By Sanday Chongo Kabange | 26/11/2021

    ASIC wants market participants to be able to re-route trades to alternative venues such as Chi-X in the event of a future market outage.

    Sustainable Finance

    Singapore Strengthens Financial Connectivity with Chongqing

    By Mark Johnston | 25/11/2021

    Ten MOUs were signed between Singapore and Chongqing banks and industry bodies at the 4th China-Singapore (Chongqing) Connectivity Financial Summit.

    Payments & Settlements

    Taiwan FSC Increases Limits on Digital Deposit Accounts

    By Darien Choong | 24/11/2021

    The FSC is increasing the transfer limits for digital deposit accounts opened at bank teller counters to enhance customer convenience.

    Cloud & Infrastructure

    India: GIFT City Regulator Wins Approval to Set Up Suptech Fund

    By Editors | 24/11/2021

    The IFSCA also received approval for a new headquarters building. GIFT City’s new gold bullion exchange is expected to launch in January.

    Structural Regulation

    BSP to Stop Accepting Applications for E-Money Issuer Licences

    By Sanday Chongo Kabange | 22/11/2021

    EMI licence applications received from non-bank institutions will be processed until 15 December on a first-come, first-served basis.

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