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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.
Operational Risk
Mizuho Suffers Seventh System Failure For the Year
By Editors | 12/09/2021
The latest failure disrupted about 100 ATMs due to a “hardware problem”, though affected services were restored quickly.
Structural Regulation
Philippines: BSP Has 11 Digital Bank Applications to Review
By Editors | 12/09/2021
Two applications were already under review. Nine new applications were received before the deadline. Only two more licences may be up for grabs.
Structural Regulation
Cross-boundary Wealth Management Connect Launched
By Manesh Samtani | 10/09/2021
The PBOC, HKMA and AMCM have published the implementation details to support the launch of the Cross-boundary Wealth Management Connect Pilot Scheme.
Trading & Investment
GBA Wealth Management Connect Set for Launch
By Editors | 10/09/2021
The southbound leg of Bond Connect will also be launching shortly. A press release will be held this afternoon to announce implementation details.
Clearing & Post-Trade
SEBI to Introduce Optional T+1 Settlement Cycle from January
By Editors | 08/09/2021
Stock exchanges may choose to offer T+1 settlement on any scrip, after providing the market advance notice of at least one month.
Payments & Settlements
China, Indonesia Launches Local Currency Settlement Framework
By Sanday Chongo Kabange | 08/09/2021
Bank Indonesia has also recently expanded its local currency settlement frameworks with Japan, Malaysia and Thailand.
Structural Regulation
StanChart, NTUC Enterprise to Form Singapore Digital Bank
By Editors | 06/09/2021
A Standard Chartered subsidiary will hold 60 percent of the digital banking venture under a licence obtained from MAS in December.
Cryptocurrency
MAS Orders Halt to Singapore Services From Binance.com
By Editors | 05/09/2021
Binance Asia Services, which operates Binance.sg, is a “distinct entity” and may still operate under an exemption while its licence application is under review.
Clearing & Post-Trade
Shanghai INE to Accept Govt Bonds as Margin Collateral
By Editors | 05/09/2021
Government bonds issued by the Ministry of Finance can be used as margin collateral provided they have a face value of at least CNY 1 million.
Clearing & Post-Trade
RBI to Enable Settlement of G-secs through ICSDs
By Editors | 04/09/2021
The move will enhance access for non-resident investors and facilitate the inclusion of Indian G-secs in global bond indices.
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