Payments & Settlements

Conduct, Culture & Accountability

Australia Tables Final Tranche of Royal Commission-related Bills

By Editors | 06/11/2021

Legislation was introduced to establish the FAR and CSLR. Separate bills were introduced to improve the superannuation system and outcomes for litigation funding participants.

Payments & Settlements

New Zealand Introduces Bill on Retail Payments Regulation

By Editors | 01/11/2021

The regime will cap interchange fees on designated payment networks, starting with Mastercard and Visa’s credit and debit card networks.

Clearing & Post-Trade

Shanghai INE Starts Accepting Govt Bonds as Margin Collateral

By Darien Choong | 31/10/2021

The use of government bonds as margin collateral will reduce transaction costs, improve market efficiency, and enhance market operations.

Trading & Investment

Tokyo Bourse Outlines Plans to Enhance Cash Equity Market

By Manesh Samtani | 31/10/2021

The TSE will extend its trading day by 30 minutes alongside a major trading system upgrade in 2024. A five-minute closing auction session may also be introduced.

Payments & Settlements

Malaysia, Thailand Expand Local Currency Settlement Framework

By Editors | 31/10/2021

Malaysian and Thai businesses and individuals can use local currencies to make cross-border payments for trade, investment, income and transfer.

Payments & Settlements

FSS Korea to Probe 58 Companies Over Digital Cash Issuance

By Ranamita Chakraborty | 30/10/2021

Among the companies subject to the probe is Starbucks, which holds customer funds in excess of 180bn won, more than Naver Pay and Toss.

Cryptocurrency

Tokyo Court Confirms $9bn Plan to Repay Mt Gox Creditors

By Editors | 30/10/2021

The rehabilitation plan will lead to the distribution of more than $9bn to investors who lost bitcoins when Mt Gox closed more than seven years ago.

Cybersecurity

US Agencies Probe Chinese Payment Terminal Maker PAX

By Manesh Samtani | 28/10/2021

PAX Global Technology is reportedly under investigation over allegations from a US payment processor that its terminals are being used to stage cyberattacks.

Payments & Settlements

Singapore Sees Launch of DLT-based Payment Platform, Partior

By Editors | 27/10/2021

With its genesis in MAS’ Project Ubin, Partior was founded by DBS, JPMorgan and Temasek last year seeking to disrupt the traditional cross-border payments model.