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Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.
CBDCs
RBNZ Issues Consultation on Potential CBDC Issuance
By Ranamita Chakraborty | 04/10/2021
A CBDC would help ensure central bank money remains relevant in a digital future, while also providing an additional monetary policy tool, the RBNZ said.
Payments & Settlements
Hong Kong Capital Market to Increase Use of RMB
By Manesh Samtani | 02/10/2021
HKMA chief Eddie Yue speaks of expanding the use of the RMB in Hong Kong stock market trading and a multi-year programme to enhance the CMU.
Payments & Settlements
HKMA Further Expands Eligible Collateral for RMB Facility
By Editors | 01/10/2021
Eligible collateral will include RMB, USD and EUR debt securities issued offshore by local governments at various levels in Mainland China.
Payments & Settlements
China: Alibaba Apps Include WeChat Pay as Payment Option
By Editors | 01/10/2021
The move comes after regulators ordered internet platforms to stop anti-competitive and monopolistic behaviour on their online platforms.
CBDCs
BIS Turns Attention to Practical Issues of Retail CBDC
By Editors | 30/09/2021
The BIS and seven central banks have published three new reports exploring practical policy and implementation issues of general purpose CBDCs.
Clearing & Post-Trade
Open Letter from FPIs to SEBI on T+1 Settlement
By Editors | 30/09/2021
ASIFMA, Asia TraderForum and The Investment Association have issued an open letter on behalf of FPIs asking SEBI to delay implementation of T+1 settlement.
Structural Regulation
RBI Amends FX Rules for Exports to Facilitate LIBOR Transition
By Editors | 29/09/2021
Under the amendment, authorised dealer banks can use ARRs in place of LIBOR for interest payable in export/import transactions.
Sustainable Finance
Singapore Seeks to Become Global Hub for Carbon Trading
By Editors | 29/09/2021
To scale up carbon trading in the city, Singapore plans to work with Climate Impact X, a collaboration between SGX, DBS, Standard Chartered and Temasek.
CBDCs
Central Banks Create Prototype Platform for mCBDC Settlements
By Sanday Chongo Kabange | 28/09/2021
The prototype platform was able to complete international transfers and foreign exchange operations in seconds while also lowering the cost of cross-border operations.
Payments & Settlements
Singapore, Malaysia to Link PayNow, DuitNow in Q4 2022
By Pongnut Thanaboonchai | 27/09/2021
Customers of participating financial institutions will be able to make real-time cross-border transfers using a mobile number.
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