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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.
Liquidity Risk
FSC Korea to Rein in Structured Products Issuance
By Editors | 03/08/2020
The FSC will impose new rules for securities firms on stress testing, liquidity management, leverage and mandatory FX hedging, among its measures to protect investors from risky products.
Payments & Settlements
HKMA, BIS Innovation Lab Seek Solutions in Trade Finance
By Editors | 03/08/2020
Private firms are invited to submit innovative solutions that can help enhance trade finance mechanisms, connectivity and infrastructure.
Trading & Investment
China Mulls Allowing Domestic PE Funds to Invest Overseas
By Editors | 03/08/2020
The foreign exchange regulator will this year explore reforms to allow private equity investment funds to invest overseas.
Structural Regulation
PBOC Pushes for Antitrust Probe into Alipay, WeChat Pay
By Editors | 03/08/2020
The State Council’s antitrust committee has reportedly been collecting information on the two payments giants for over a month but has not yet decided whether to launch a probe.
Payments & Settlements
Italian Banks Adopt Blockchain to Reconcile Interbank Transactions
By Editors | 31/07/2020
55 banks are using a blockchain platform to share interbank transfer data and reconcile transactions, an initiative made possible by a rule change last May.
Payments & Settlements
WeLab Bank Announces Public Launch of Virtual Banking Services
By Editors | 30/07/2020
WeLab Bank was the only stand-alone company to win a virtual bank licence from the HKMA. It commenced pilot services in April.
PEPs & Sanctions
China Should Reduce SWIFT Use in Case of US Sanctions – Report
By Editors | 30/07/2020
China should prepare for potential US sanctions by increasing the use of CIPS for cross-border transactions, and by developing legislation similar to the EU’s blocking statute.
Structural Regulation
Singapore Industry Consultation Proposes to Discontinue SIBOR
By Manesh Samtani | 29/07/2020
Proposed reforms were found to display “noticeable differences in volatility and levels compared to SIBOR”, which will present challenges to industry adoption.
Clearing & Post-Trade
ESMA Set to Defer CSDR’s Settlement Discipline Regime
By Editors | 29/07/2020
The European Commission asked ESMA to consider a one-year deferral in light of operational pressures on firms and other market developments amid the Covid-19 pandemic.
Tokenisation
Philippines Launches DLT-based Distribution of Retail Treasury Bonds
By Sanday Chongo Kabange | 29/07/2020
The launch of ‘Bonds.PH’ paves the way for the unbanked to affordably and easily invest in retail treasury bonds, said National Treasurer Rosalia V. De Leon.
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