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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.
Fraud, Scams & Cybercrime
Taiwan to Lower Payment Thresholds for Customer Notification
By Editors | 21/12/2020
The move is aimed at combatting rising financial fraud as consumers increasingly prefer e-payments over the use of credit cards.
Payments & Settlements
BCBS, CPMI Warn of Continued Risks Associated with FX Settlement
By Editors | 20/12/2020
Expanding the availability of PvP settlement to a wider range of transactions and actors will reduce FX settlement risk and support global financial stability.
Structural Regulation
PBOC Publishes Roadmap for Full LEI Adoption in China
By Manesh Samtani | 18/12/2020
By end 2022, LEIs will be used in securities and derivatives trading, risk monitoring, regulatory reporting, listed company supervision and the digital yuan ecosystem.
Trading & Investment
Euroclear Bank, Japan Launch New Asset Class: ‘Origami Bonds’
By Editors | 17/12/2020
Japanese cities Kobe and Yokohama as well as Shizuoka Prefecture were the first three issuers to utilise the new Origami bond structure.
Payments & Settlements
Australia’s Domestic Payment Organisations Propose to Amalgamate
By Editors | 17/12/2020
Australia’s eftpos, BPAY Group and NPPA will be preserved as distinct operations under a single Board with a shared roadmap for innovation and investment.
Structural Regulation
Taiwan FSC Cautions New Digital Banks Against Price Wars
By Editors | 17/12/2020
Taiwan’s new digital-only banks should offer innovative products and services instead of resorting to pricing competitions to attract clients, says FSC Chairman Thomas Huang.
Payments & Settlements
Singapore to Review E-wallet Payment Limits in 2021
By Editors | 17/12/2020
Currently, e-wallet users in Singapore can hold up to S$5,000 in their accounts at any one time, and transactions are capped at S$30,000 per year.
KYC & CDD
Regulation Asia Awards for Excellence 2020 – Results Announcement
By Editors | 15/12/2020
Regulation Asia held its third annual Awards ceremony on 15 December 2020 to recognise those in the industry that have helped address changing regulatory requirements in Asia Pacific over the past year.
Emerging Prudential Risks
China Tightens Limit on Overseas Borrowing to Curb Inflows
By Editors | 13/12/2020
The decision is said to be part of a push to tame risks from overseas borrowing, which has rapidly increased as the yuan strengthened in recent months.
Trading & Investment
SGX to Promote China Bond Markets, MAS Registers Shanghai Office
By Editors | 13/12/2020
A series of MOUs to deepen collaboration in financial services and innovation were announced at the 2nd Singapore-Shanghai Comprehensive Cooperation Council meeting on Friday.
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