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Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.
Clearing & Post-Trade
Industry Groups Collaborate to Plan Move to T+1 in US Equities
By Sanday Chongo Kabange | 01/05/2021
SIFMA, ICI and DTCC plan to complete their analysis on the next steps needed to shorten the settlement cycle in US equities by the end of Q3 2021.
Payments & Settlements
Savings Banks Introduce Open Banking Services: FSC Korea
By Ranamita Chakraborty | 01/05/2021
Open banking is now being provided by all types of deposit-taking institutions in Korea. Credit card companies will start from end-May.
CBDCs
MAS to Explore Options for Connecting m-CBDC Platforms
By Sanday Chongo Kabange | 30/04/2021
MAS is partnering with the BIS Innovation Hub and central banks to design, develop and test new m-CBDC models for cross-border settlement.
Payments & Settlements
Singapore, Thailand Launch Real-time Payment Link
By Manesh Samtani | 29/04/2021
The participating banks include DBS, OCBC, UOB, Bangkok Bank, Kasikornbank, Krung Thai Bank and Siam Commercial Bank.
Payments & Settlements
DBS, JP Morgan, Temasek Team Up on Cross-border Payments
By Manesh Samtani | 28/04/2021
An open platform will be developed to enable real-time cross-border multi-currency payments, trade finance, foreign exchange and DVP securities settlements.
Trading & Investment
HK, China to Launch Southbound Bond Connect in July – Report
By Sanday Chongo Kabange | 27/04/2021
The relevant regulations will reportedly be issued in May, with a view to launching the southbound bond trading link on 2 July.
Tokenisation
DBS Goes Live on Trade Finance Network Contour
By Editors | 27/04/2021
Digital LC capabilities will be offered in Australia, China, Hong Kong and Singapore via Contour from this month.
Cloud & Infrastructure
MAS Calls on Governments to Advance Digital Infrastructure
By Sanday Chongo Kabange | 27/04/2021
MAS will seek to build a consortium of countries to explore the potential of digital infrastructure for cross-border use.
Data Privacy
RBI Restricts Amex, Diners Club for Data Storage Violations
By Editors | 26/04/2021
American Express and Diners Club were found to be non-compliant with the RBI’s 2018 directions requiring payment system data to be stored onshore.
Clearing & Post-Trade
DTCC Study Highlights Need to Enhance Post-trade Processes
By Editors | 22/04/2021
The sell-side is seeking enhancements to reconciliations and confirmations capabilities. The buy-side is focusing on fails and collateral management.
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