ADVERTISEMENT
Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.
Clearing & Post-Trade
ASX Proposes Changes to Netting, Settlement Workflows
By Editors | 18/02/2021
The proposed changes will allow the CHESS replacement system to be scaled to much higher volume levels than previously envisaged, ASX said.
Payments & Settlements
US Court Rules Against Citigroup Over Revlon Error Payment
By Editors | 18/02/2021
The federal judge ruled that a group of asset managers are not required to return $501mn that Citigroup mistakenly paid early on behalf of Revlon last August.
Structural Regulation
RBI Formally Permits India Residents to Invest in GIFT City
By Ranamita Chakraborty | 17/02/2021
Separately, a new framework has been issued allowing professional services firms including consultancies, fund administrators and trustees to set up in GIFT City.
Payments & Settlements
Bangladesh to Launch New Interbank Money Market Platform
By Editors | 17/02/2021
The platform will help to promote more efficient liquidity movements among conventional banks and NBFIs, said a Bangladesh Bank official.
Clearing & Post-Trade
RBI Allows Banks to Post Margin Onshore for Offshore Clients
By Editors | 17/02/2021
AD Cat-I Banks may post and collect margin in India for a permitted derivative contract entered into with a person resident outside India.
Payments & Settlements
S. Korean Law to Help Reverse Mobile Payments Made in Error
By Editors | 16/02/2021
New legislation set to take effect in July will task the KDIC with helping users of mobile payment apps to retrieve funds that are transferred in error.
Payments & Settlements
HSBC, HKTVmall Join Forces to Enhance Access to Trade Finance
By Manesh Samtani | 11/02/2021
HSBC will leverage commercial data from HKTVmall to analyse and forecast business performance during credit assessment, making loan approval faster and simpler.
Payments & Settlements
India’s NPCI Launches Payment Authorisation Tech Challenge
By Editors | 10/02/2021
Fintechs, solution providers and developers are invited to submit unique solutions that can simplify payment authorisations for the UPI.
Payments & Settlements
PayNow Now Available on GrabPay, Singtel Dash, Liquid Pay
By Editors | 10/02/2021
The Association of Banks in Singapore says PayNow has been made available to non-bank financial institutions for the first time since its launch in 2017.
Clearing & Post-Trade
SEBI to Require AMCs to Help Capitalise New Clearing Corporation
By Editors | 07/02/2021
Individual contributions by asset managers towards the new LPCC will be calculated based on their AUM in open ended debt-oriented mutual fund schemes.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.