Payments & Settlements

Trading & Investment

Bursa Malaysia to Introduce Night Trading in Palm Oil Futures

By Pongnut Thanaboonchai | 24/08/2021

The move is expected to increase participation from global investors, facilitate better risk management, and enhance price discovery.

Trading & Investment

GFXC Calls for Greater Transparency in Global FX Market

By Manesh Samtani | 24/08/2021

The GFXC is providing templates for disclosures on algo due diligence and TCA data, as well as disclosure cover sheets for liquidity providers and electronic trading platforms.

Operational Risk

Japan FSA Orders Mizuho to Explain Latest System Failure

By Editors | 24/08/2021

Mizuho Bank and Mizuho Trust were unable to complete customer transactions at all branches counters across Japan due to equipment failures.

Payments & Settlements

BSP Designates RTGS System as Systemically Important

By Ranamita Chakraborty | 23/08/2021

The BSP was granted authority to designate systemically important payment systems under the National Payment Systems Act, which was signed into law in 2018.

Payments & Settlements

BSP Relaxes Rules on FX Trade Approval for Banks

By Editors | 22/08/2021

Banks can sell FX without prior BSP approval if they will be used for activities such as online e-commerce payments, certain imports of goods, and fee payments.

CBDCs

China: More Smaller Lenders Set to Join Digital Yuan Pilot

By Sanday Chongo Kabange | 22/08/2021

City Commercial Banks Clearing Company and the Rural Credit Bank Funds Clearing Centre have launched “one point integration” digital yuan systems.

Payments & Settlements

FSS Korea Launches Probe into Electronic Payment Providers

By Manesh Samtani | 20/08/2021

The probe is a response to a growing scandal involving a local gift card provider, which offered users of its app large discounts and then changed its terms.

Structural Regulation

BSP Grants Digital Bank Licence to Gokongwei-Tyme Joint Venture

By Editors | 20/08/2021

The application window for the submission of applications from new digital banks, including converting banks, will close on 31 August​ 2021.

Data Privacy

RBI Says Only Visa Complies With Data Localisation Rules

By Ranamita Chakraborty | 19/08/2021

Visa is the only foreign card network that complies with requirements for financial data on Indian customers to be stored locally, the RBI says.