Payments & Settlements

CBDCs

MAS, Banque de France Complete m-CBDC Experiment

By Sanday Chongo Kabange | 11/07/2021

The experiment showed the potential to reduce the number of correspondent banking parties involved in the payment chain for cross-border transactions.

Data Privacy

Australian Treasury Proposes to Lower Barriers to CDR Participation

By Editors | 07/07/2021

Rule amendments include changes to reduce barriers to participate in open banking and increase participation in the CDR by data recipients and consumers.

Clearing & Post-Trade

HKEX to Roll Out New IPO Settlement Platform Next Year

By Editors | 06/07/2021

HKEX will proceed with the development of FINI for handling all Hong Kong IPOs, initially adopting a T+2 settlement cycle.

Clearing & Post-Trade

Industry Bodies Partner to Adapt CDM for Repo, Bonds

By Sanday Chongo Kabange | 06/07/2021

Implementation of the Common Domain Model for repo and bonds is expected to deliver industry wide efficiency gains, ICMA says.

Clearing & Post-Trade

ASX Finalises Settlement Workflow Changes for CHESS Replacement

By Ranamita Chakraborty | 05/07/2021

Netting will be expanded to include all novated trades and the creation of the NBO and associated messaging will be discontinued to provide greater system scalability.

Anti-Money Laundering

Indonesia, Brunei to Cooperate on AML/CTF in Payments

By Editors | 03/07/2021

The MoU aims to strengthen policy cooperation on AML/CTF in payments. Indonesia is seeking to become a member of the FATF.

Payments & Settlements

Bangladesh Bank to Provide Escrow for E-commerce Payments

By Ranamita Chakraborty | 29/06/2021

Advance payments will be deposited with the central bank or other payment gateways until products bought online reach customers.

CBDCs

MAS Launches Global Challenge for Retail CBDC Solutions

By Editors | 29/06/2021

Fintechs, financial institutions and solution providers from around the world are invited to submit innovative solutions that can address 12 problem statements.

Payments & Settlements

Chinese Regulators Instruct Banks to Reduce Interbank Payment Fees

By Sanday Chongo Kabange | 29/06/2021

Banks have a one-month transition period to implement the fee reduction measures, which focus on intra-city and inter-bank withdrawals from ATMs.