Payments & Settlements

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

    Trading & Investment

    RBI Eases Reporting Burden for FPIs Trading in G-Secs

    By Ranamita Chakraborty | 11/06/2021

    FPIs will have up to three hours after the close of trading to report transactions in government securities on the NDS-OM platform.

    CBDCs

    French, Swiss Central banks Partner to Test Wholesale CBDC

    By Sanday Chongo Kabange | 11/06/2021

    Project Jura will investigate the potential benefits and challenges of wCBDC in settling cross-border payments.

    Trading & Investment

    RBI Issues Final Directions on Certificate of Deposit Issuance

    By Ranamita Chakraborty | 09/06/2021

    Banks are not allowed to grant loans against CDs, but they are now permitted to buy back CDs before maturity, subject to certain conditions.

    Structural Regulation

    Five Parties Identified as Seeking Malaysia Digital Bank Licence

    By Ranamita Chakraborty | 04/06/2021

    A consortium involving Pertama Digital, Crowdo and INFOPRO is applying for a licence. Axiata Group and RHB Bank are jointly applying for another.

    Structural Regulation

    LINE to Roll Out Digital Banking Platform in Indonesia

    By Ranamita Chakraborty | 03/06/2021

    The launch will mean Japan’s LINE will be offering digital banking services in three of its biggest overseas markets, namely Indonesia, Thailand and Taiwan.

    Payments & Settlements

    FSB Proposes Global Targets for Enhancing Cross-border Payments

    By Editors | 01/06/2021

    The FSB proposes quantitative targets for improving cost, speed, transparency and access for cross-border wholesale payments, retail payments and remittances.

    Structural Regulation

    FIA Seeks Additional Clarity on China’s “Historic” Futures Law

    By Manesh Samtani | 27/05/2021

    FIA is requesting additional clarity on settlement finality and proposing that the protections in the new futures law be further expanded.

    Payments & Settlements

    Taiwan to Enable Interoperability Between E-payment Providers

    By Ranamita Chakraborty | 27/05/2021

    Amendments due to take effect from 1 July will enable users of e-payment services and stored-value facilities to transfer money across platforms.

    Structural Regulation

    S. Korea to Expand Microfinance Support Fund

    By Sanday Chongo Kabange | 27/05/2021

    Legislative revisions will expand the pool of microfinance funds available by requiring banks and other FIs to make mandatory contributions.

    Payments & Settlements

    MAS Partners with Mojaloop Foundation on Financial Inclusion

    By Editors | 27/05/2021

    The partnership will bring together MAS’ policy development perspectives and Mojaloop’s digital payments capability to advance financial inclusion.

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