Payments & Settlements

Payments & Settlements

ASIC Proposes Updates to Modernise ePayments Code

By Sanday Chongo Kabange | 25/05/2021

ASIC proposes to add flexibility to the code to allow it to tailor data requests based on priorities and issues of concern.

Structural Regulation

Australia: Senate Committee to Probe ‘Debanking’ of Fintechs

By Ranamita Chakraborty | 25/05/2021

The government needs to better understand the policy issues which may be leading to debanking so that they can be addressed, said Senator Andrew Bragg.

Structural Regulation

Taiwan Listed Companies Told to Postpone Shareholder Meetings

By Ranamita Chakraborty | 24/05/2021

A special regulation to combat Covid-19 will exempt Taiwan listed companies from requirements to hold shareholders’ meetings by end-June.

Trading & Investment

Hainan Unveils 3-Year Plan to Improve Investment Environment

By Sanday Chongo Kabange | 24/05/2021

The Hainan action plan encourages regional businesses to pursue financing by listing on both domestic and overseas exchanges.

Payments & Settlements

BSP Tests new RTGS System Ahead of June 2021 Go-Live

By Editors | 20/05/2021

The BSP is testing the new peso RTGS system with banks and other participating institutions to determine readiness for go-live in June 2021.

Trading & Investment

Japan to Start Holiday Trading in Derivatives in Sep 2022

By Manesh Samtani | 18/05/2021

Osaka Exchange and Tokyo Commodity Exchange will begin holiday trading in index and commodity futures and options in September 2022.

Liquidity Risk

Myanmar Banks Face Cash Crisis as CBM Withholds Reserves

By Sanday Chongo Kabange | 18/05/2021

CBM is not returning some of the reserves it holds for private banks leaving them with no cash to replenish own vaults with cash for their customers.

Structural Regulation

RBI Enables Private Banks to Conduct Government Business

By Editors | 18/05/2021

Revised RBI guidelines put in place a mechanism for private sector banks to apply for authorisation to conduct government business.

Clearing & Post-Trade

HKEX Clears First SOFR-HONIA Cross Currency Swaps

By Editors | 18/05/2021

OTC Clear announced last week that it was launching clearing services for cross-currency interest rates swaps and basis swaps referencing HONIA and SOFR.