Payments & Settlements

Structural Regulation

Thailand to Stop Issuing THBFIX Loans, Debt from July 2021

By Editors | 17/11/2020

All financial institutions will stop offering new loans and debt securities which reference THBFIX from 1 July 2021, Bank of Thailand says.

Emerging Prudential Risks

FSB to Address NBFI Vulnerabilities as Key Priority in Year Ahead

By Manesh Samtani | 17/11/2020

In a letter to the G20, the FSB outlines its key priorities for the year ahead, including work to address vulnerabilities in money market funds, open-ended funds, and bond markets.

Trading & Investment

BSE India Launches New Investment Platform for Fund Managers

By Sanday Chongo Kabange | 17/11/2020

Asset managers can transact for all their schemes through the new platform rather than switch between multiple platforms as is current practice.

Clearing & Post-Trade

HKEX Proposes Revamp of Hong Kong IPO Settlement Process

By Manesh Samtani | 16/11/2020

Subject to market support and readiness, HKEX intends to launch a new platform called FINI in 2022 that will cut the IPO settlement process from T+5 to T+1.

Payments & Settlements

Sri Lanka to Complete Phase 2 Digitalisation of CSE in December

By Duruthu E Chandrasekera | 15/11/2020

Phase 2 will enable digital payments and smart wallets for CDS account holders, among a host of other features that will be made available electronically.

Payments & Settlements

Australian Regulators Propose New Regulatory Regime for SVFs

By Editors | 10/11/2020

The proposed framework includes flexibility to ensure that regulation is able to adapt to innovations such as digital wallet facilities and global stablecoins.

Payments & Settlements

SGX Enables SingPass Authentication for CDP Transactions

By Editors | 09/11/2020

The introduction of SingPass offers CDP customers better convenience and security when they transact online, and forms part of SGX’s ‘CDP Goes Digital’ initiative.

Payments & Settlements

WhatsApp Wins Approval to Launch Payments Service in India

By Editors | 08/11/2020

The approval comes two and a half years after WhatsApp launched in beta mode, but was then forced to comply with India’s data localisation requirements.

Payments & Settlements

Australian FIs to Use NPP for International Payments by End-2022

By Editors | 05/11/2020

Participating FIs are required to join the international payments business service and receive inbound international payments via the NPP by December 2022.