Payments & Settlements

Structural Regulation

SSE Removes SMIC From Key Index Over VIE Structure

By Sanday Chongo Kabange | 18/08/2021

SMIC will be removed from the SSE SH Equities Index starting 16 August because it is registered in the Cayman Islands.

Payments & Settlements

Thailand, Indonesia Pilot Cross-border QR Payment Link

By Manesh Samtani | 17/08/2021

The full commercial launch will take place in Q1 2022. Indonesia has separately also launched a national open API payment standard.

Clearing & Post-Trade

SEBI Creates Panel to Explore Move to T+1 Settlement – Report

By Sanday Chongo Kabange | 16/08/2021

A reduction to T+1 is expected to increase market liquidity and trading turnover, while also reducing settlement risk and broker defaults.

Payments & Settlements

ACCC Sees Price Transparency Improvements Among FX Remitters

By Sanday Chongo Kabange | 13/08/2021

The ACCC says 12 of 15 prominent remitters are either adhering to best practice for price disclosure or need to make only minor improvements.

Trading & Investment

HKEX to Launch of New Options on Futures Contracts

By Editors | 12/08/2021

Before offering OOF products to clients, participants should ensure system readiness and that end clients understand the settlement mechanism and risk involved.

Payments & Settlements

Cambodia, Maybank Launch Cross-border Remittances Using ‘Bakong’

By Pongnut Thanaboonchai | 12/08/2021

Maybank customers in Malaysia can use the bank’s e-wallet to transfer funds to recipients in Cambodia with Bakong e-wallets.

CBDCs

Cambodia Explores Cross-border Transactions Using ‘Bakong’

By Editors | 10/08/2021

Cambodia launched its Bakong digital currency in October 2020. In the first half of 2021, 1.4 million transactions worth $500mn were recorded.

Payments & Settlements

SEBI Allows Payments Banks to Perform Investment Bank Activities

By Ranamita Chakraborty | 10/08/2021

Payments banks will be able to accept application money, allotment or call money, and make payments of dividend or interest warrants.

Payments & Settlements

ACCC Consults on Merger of BPAY, eftpos and NPP Australia

By Editors | 10/08/2021

A court enforceable undertaking is proposed to address concerns that the merger could reduce investment and support for eftpos and decrease the availability of least-cost routing.