Payments & Settlements

    Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.

    Payments & Settlements

    ACCC Highlights Improved Price Transparency on FX Conversions

    By Editors | 17/06/2020

    An ACCC review last year found that a lack of pricing transparency forced consumers to rely on the more expensive big four banks for FX conversion and international money transfers.

    Trading & Investment

    OCBC Issues Singapore’s First SORA-based Loan Facility

    By Editors | 16/06/2020

    The S$150mn three-year corporate loan from OCBC to CapitaLand is hailed as a milestone in the industry’s transition roadmap towards SORA adoption.

    Payments & Settlements

    MUFG Bank Secures China Interbank Bond Market Licence

    By Editors | 16/06/2020

    MUFG Bank’s wholly-owned China subsidiary has become the first Japanese bank – and the eight foreign bank overall – to win a Bond Settlement Agent licence.

    Clearing & Post-Trade

    HKEX’s OTC Clear Introduces Client Clearing Services

    By Editors | 15/06/2020

    Market participants who are not themselves clearing members of OTC Clear can gain access to the benefits of central clearing through existing clearing members.

    Data Privacy

    FSC Korea Outlines Key Policy Tasks for H2 2020

    By Editors | 14/06/2020

    The measures include continued support for businesses and individuals, with some focus being diverted back to pre-Covid policy work to support innovation and data-driven initiatives.

    Payments & Settlements

    RBI Updates Oversight Framework for FMIs, Retail Payment Systems

    By Editors | 14/06/2020

    The framework details the oversight objectives, supervisory processes and assessment methodology the RBI will apply to financial market infrastructures and retail payment systems.

    Payments & Settlements

    PBOC Grants Bank Card Clearing Licence to Amex JV

    By Editors | 14/06/2020

    American Express has become the first foreign company to receive a network clearing licence in China, which will allow it to compete with Tencent, Alipay and China UnionPay for market share.

    Structural Regulation

    China to Develop Hainan Province into Global Free Trade Port

    By Editors | 09/06/2020

    The first phase of the plan will focus on liberalising trade and cross-border investment, starting with the launch of QDLP and QFLP pilot programmes.

    Payments & Settlements

    Australia Considers Consolidation of Payment Infrastructures

    By Editors | 08/06/2020

    An industry committee has been set up to explore the benefits of a consolidating the NPP, BPAY and eftpos – […]

    Trading & Investment

    Chinese Regulators Respond to US Threat Against Hong Kong

    By Manesh Samtani | 08/06/2020

    The PBOC and CBIRC have offered assurances that Hong Kong’s status as an international financial centre will not be jeopardised under the new national security law.

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