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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.
Trading & Investment
Thailand SEC to Allow Repo, Reverse Repo Trades by Retail Investors
By Editors | 25/08/2020
Allowing repo and reverse repo trades in listed securities and unit trusts with all investor types will provide them additional liquidity management tools, the SEC said.
Trading & Investment
China to Pilot Direct Foreign Access to Interbank Bond Market
By Editors | 23/08/2020
Starting 1 September, foreign institutional investors and QFII/RQFII participants can trade in China’s interbank bond market on a trial basis.
Payments & Settlements
China to Promote Cross-Border Use of Renminbi, says PBOC
By Editors | 19/08/2020
China will facilitate trade and investment using the renminbi, the PBOC said in its annual RMB Internationalization Report.
Payments & Settlements
RBI Issues Draft Framework on Recognition of Payments SROs
By Editors | 18/08/2020
Recognised self-regulatory organisations would be responsible for establishing minimum benchmarks and standards for the proper functioning of their member entities.
Payments & Settlements
RBI Allows Formation of New Umbrella Entities for Retail Payments
By Editors | 18/08/2020
The framework allows private firms to apply to set up a new umbrella entity to operate retail payment systems. Currently, only the NPCI operates such an entity.
CBDCs
Federal Reserve, MIT to Develop, Test ‘Hypothetical’ Digital Dollar
By Sanday Chongo Kabange | 16/08/2020
Fed governor Lael Brainard said lessons from the collaboration will be published, and any codebase developed will be offered as open-source software.
Tokenisation
Singapore Premiers Blockchain-based Bond Exchange, BBX
By Sanday Chongo Kabange | 13/08/2020
BondbloX Bond Exchange uses a permissioned blockchain to enable electronic trading of bonds in $1,000 denominations, with instant settlement and greater price transparency.
Payments & Settlements
PBOC Clearing Arm to Adopt Blockchain for Letters of Credit
By Lucy Zhang | 12/08/2020
The China National Clearing Center has signed an agreement with three major banks to use their blockchain forfaiting platform to enhance its letter of credit system.
Payments & Settlements
Livi Bank Announces Launch of Virtual Banking Services
By Manesh Samtani | 11/08/2020
Livi Bank, backed by BOCHK, JD Digits and Jardine Matheson, has become the fourth virtual bank to open to the public in Hong Kong.
Payments & Settlements
Opening the Zengin System Could Reshape Japan’s Payments Landscape
By Ryoji Kashiwagi | 11/08/2020
Nomura Research Institute’s Ryoji Kashiwagi discusses competition concerns raised by Japan’s Fair Trade Commission, and their implications for the country’s payments landscape.
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