Payments & Settlements

CBDCs

HKMA, PBOC In Talks on Next Phase of Digital Yuan Tests

By Sanday Chongo Kabange | 15/05/2021

The next phase of technical testing will explore the feasibility of using the digital yuan in cross-border payments.

CBDCs

SWIFT, Accenture Explore Real-world Implications of CBDCs

By Sanday Chongo Kabange | 13/05/2021

SWIFT is planning trials in the coming months to explore how its platform could interact with CBDCs in cross-border payments.

Structural Regulation

Australia’s Financial Sector Welcomes 2021‑22 Budget Initiatives

By Manesh Samtani | 12/05/2021

The measures include an FMI reform package, relief for foreign financial service firms, changes to the superannuation system, and a new commencement date for the CCIV regime.

Structural Regulation

New Zealand Passes Financial Market Infrastructures Bill

By Editors | 06/05/2021

The Bill provides the RBNZ and FMA with comprehensive regulatory, supervisory, enforcement, and crisis management powers in respect of important FMIs.

Payments & Settlements

Mitigating FX Settlement Risk in Japan’s Pensions Industry

By Margaret Law | 06/05/2021

Margaret Law and Makoto Miyazaki discuss the need for Japanese pension funds to adopt PvP settlement to mitigate FX settlement risk.

Payments & Settlements

NPP Australia Implements Data-Rich Messaging Standards

By Ranamita Chakraborty | 05/05/2021

NPP participating FIs can receive payment messages formatted with additional defined data elements for payroll, tax, superannuation and e-invoicing.

Structural Regulation

BSP Expects New Digital Banks to Launch in H2 2021

By Ranamita Chakraborty | 05/05/2021

The BSP has received four applications for digital bank licences, including two from thrift banks that wish to convert their existing licences.

CBDCs

EIB Issues First Digital Bond on Public Blockchain

By Sanday Chongo Kabange | 04/05/2021

The digital bond issuance was carried out using a distributed ledger for registration and a CBDC for settlement.

KYC & CDD

RBNZ Calls on Banks to Avoid De-risking Pacific Island Nations

By Ranamita Chakraborty | 03/05/2021

The RBNZ and RBA are working with Pacific Island nations to develop a regional KYC facility, to support businesses in meeting their compliance obligations.