Payments & Settlements

    Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.

    Clearing & Post-Trade

    LCH Set to Switch Discounting, PAI Rate from SOR to SORA

    By Editors | 08/08/2021

    LCH is switching its discount curves and PAI rate on SGD-denominated cleared swaps from SOR to SORA on 9 August.

    Payments & Settlements

    CPMI Workplan Highlights Focus on Stablecoins, CBDCs

    By Editors | 06/08/2021

    CPMI annual work programme highlights cross-border payments, stablecoins, CBDCs, central clearing and FMI risks as key priorities.

    Payments & Settlements

    RBI Issues Outsourcing Framework for Payment System Operators

    By Sanday Chongo Kabange | 05/08/2021

    Payment system operators may not outsource core management functions such as risk management, internal audit and KYC compliance.

    Payments & Settlements

    SEBI Asks RTAs to Build Common Platform for Fund Investors

    By Editors | 05/08/2021

    SEBI has asked India’s two RTAs, KFinTech and CAMS, to develop a new dedicated platform for investors to transact in mutual funds.

    Payments & Settlements

    India Launches New Digital Payment Solution Nationwide

    By Manesh Samtani | 04/08/2021

    e-RUPI is a QR code or SMS string-based prepaid e-voucher that can be used for purchases without an app, card, bank account, or internet access.

    Clearing & Post-Trade

    CSRC Grants QFI Custodian Licence to BNP Paribas

    By Editors | 04/08/2021

    The licence will allow BNP Paribas to work with foreign institutional investors to facilitate their access to China’s equities and bond markets.

    Payments & Settlements

    SWIFT Launches Instant Cross-border Payments for SME, Retail

    By Editors | 02/08/2021

    Seven banks that have launched ‘SWIFT Go’ – BBVA, BNY Mellon, DNB, MYBank, SberBank, Société Générale, and UniCredit.

    Cryptocurrency

    Ripple Opens Japan-Philippines Remittance Corridor

    By Manesh Samtani | 31/07/2021

    Japan’s SBI Remit will connect with Coins.ph and crypto exchange SBI VC Trade to open the remittance corridor, leveraging Ripple’s on-demand liquidity service.

    Structural Regulation

    Singapore Offers Guidance on Converting Legacy SOR Contracts

    By Manesh Samtani | 29/07/2021

    Guidance is offered on wholesale markets, corporate loans, derivatives, bonds and retail loans. A public education campaign will start in September 2021.

    Payments & Settlements

    Korea FSC Expands Open Banking Services to Fintechs

    By Sanday Chongo Kabange | 29/07/2021

    Users will be able to access information about their prepaid deposit accounts from mobile applications of any FI offering open banking.

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