Payments & Settlements

Payments & Settlements

Japan Close to Decision on Lower Interbank Transfer Fees

By Editors | 06/03/2021

Interbank transfer fees have remained the same for over 40 years. A reduction in interbank EFT fees may be implemented as soon as October.

Payments & Settlements

SZSE Amends Bond Repo Rules to Enhance Security, Transparency

By Editors | 06/03/2021

The revised measures will require counterparties to display their identity information. Previously only the counterparty’s code was available for display.

Operational Risk

Japan’s Mizuho Bank Suffers Another Outage at ATMs

By Editors | 04/03/2021

Another system failure took down 29 Mizuho ATMs for three hours on Wednesday, just days after more than 5,000 ATMs went offline.

Payments & Settlements

European Banks Push Ahead with Payments Network Plans

By Sanday Chongo Kabange | 02/03/2021

The European Payments Initiative, launched last July, could have a new pan-European payments network in place by 2025.

Clearing & Post-Trade

What Does T+1 Settlement in the US Mean for Asia?

By Tony Freeman | 02/03/2021

Industry veteran Tony Freeman discusses how a move to one-day settlement in the US will impact investors in Asia.

Operational Risk

FSA to Seek Report from Mizuho Over ATM Network Shutdown

By Editors | 02/03/2021

A system glitch caused the shutdown of over half of Mizuho’s ATMs on Sunday, with internet banking transactions also partially halted.

Structural Regulation

Australia Passes Bill to Recover ‘Lost’ Superannuation for Members

By Manesh Samtani | 01/03/2021

Accounts transferred from Eligible Rollover Funds to the ATO will be proactively reunited with members’ superannuation accounts within 28 days.

Payments & Settlements

India Allows Private Banks to Conduct Government Business

By Editors | 28/02/2021

Since 2012, payments for tax, pensions and other government business have largely been channelled through public sector banks.

Emerging Prudential Risks

FSB Work Plan to Focus on Addressing Covid Vulnerabilities

By Editors | 26/02/2021

The FSB says it will produce an assessment of initial lessons learned from the pandemic and a report on the factors needed for an orderly unwinding of support measures.