Payments & Settlements

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

    Payments & Settlements

    BIS, MAS Set Out Blueprint for Cross-border Payments

    By Ranamita Chakraborty | 29/07/2021

    BIS Innovation Hub Singapore Centre and MAS have published a blueprint that could make real-time cross-border payments a reality in the next two to four years.

    Payments & Settlements

    RBI Opens RTGS, NEFT to Non-bank Payment System Providers

    By Editors | 29/07/2021

    Prepaid payment instruments, white label ATM operators and card networks can now connect to the RTGS and NEFT systems.

    Payments & Settlements

    Eftpos Explores Better Access to Electronic Payments by Fintechs

    By Sanday Chongo Kabange | 28/07/2021

    A new committee has been formed with FinTech Australia to facilitate discussion on enhancing fintech firms’ access to the eftpos network.

    Fraud, Scams & Cybercrime

    MAS to Review Liability Framework for Card Scams by Year-end

    By Ranamita Chakraborty | 27/07/2021

    The Singapore police received 89 reports of fraudulent card transactions performed with SMS OTPs between September 2020 and February 2021.

    Structural Regulation

    RBNZ, FMA Consult on Implementation of FMI Act

    By Sanday Chongo Kabange | 27/07/2021

    The consultation seeks views on how financial market infrastructures will be identified as systemically important and the proposed approach to developing standards.

    Payments & Settlements

    GFXC Updates FX Global Code to Promote PvP Settlement

    By Manesh Samtani | 27/07/2021

    The changes place greater importance on the use of PvP settlement where available, and provide guidance on risk reduction where PvP settlement is not in use.

    Payments & Settlements

    CPMI, IOSCO Identify Shortcomings in FMI Business Continuity Plans

    By Editors | 22/07/2021

    Some FMIs do not fully meet expectations with respect to recovery from operational incidents, such as natural disasters or IT systems outage.

    Data Privacy

    RBI Imposes Restrictions on Mastercard Over Data Storage

    By Editors | 15/07/2021

    The action may hamper the ability of private banks to issue new cards to customers in the near term due to their exclusive tie-ups with Mastercard.

    Trading & Investment

    RBI Issues Guidelines on Retail Access to Government Securities

    By Editors | 14/07/2021

    Retail investors will be able to open an account directly with the central bank to gain access to primary issuance and secondary trading in government securities.

    CBDCs

    Multilateral Collaboration Essential for CBDC Development

    By Editors | 13/07/2021

    A new report from CPMI, BIS Innovation Hub, the IMF and the World Bank highlights the need for multilateral collaboration and interoperability between CBDCs.

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