Payments & Settlements

Payments & Settlements

Sri Lanka SEC Approves Rules to Digitalise Stock Market

By Duruthu E Chandrasekera | 07/06/2020

Sri Lanka’s SEC has approved rules to enable electronic account opening, trading and settlement at the Colombo Stock Exchange.

CBDCs

Japan Megabanks to Collaborate on Cashless Payments

By Editors | 04/06/2020

The project will explore the use of electronic money and digital currency to make banks and cashless payments services interoperable, and could evolve into the introduction of the ‘digital yen’.

Liquidity Risk

Thailand: Parliament Approves $60b Covid-19 Aid Package

By Editors | 02/06/2020

The 1.9tr baht aid package includes additional liquidity for banks to lend to SMEs, and a corporate bond stabilisation fund to provide bridge financing to issuers.

Structural Regulation

ARRC Publishes Best Practices for LIBOR to SOFR Switch

By Editors | 01/06/2020

The ARRC outlines near-term transition steps that market participants should aim to take across floating rate notes, business loans, consumer loans, securitisations, and derivatives.

Cybersecurity

WFE Details Industry Efforts to Ensure Cyber Resilience of Markets

By Editors | 29/05/2020

WFE members are continuously investing resources and technology to enhance their capabilities under the philosophy that it is not a question of ‘if’ they experience a cyber incident but when.

Cloud & Infrastructure

FSC Korea to ‘Reshape’ Regulations, Infrastructures to Boost Innovation

By Editors | 28/05/2020

In a welcome speech for Online Korea Fintech Week, FSC chairman Eun Sung-soo said the regulator will pursue innovation based on three main pillars.

Payments & Settlements

RBA Invites Tenders for Transaction Processing and Settlement System

By Editors | 26/05/2020

The new system should be able to process SWIFT FIN messaging under ISO 20022 as well as the existing SWIFT MT throughout a three-year coexistence period.

Payments & Settlements

S. Korea Enhances PayInfo Service to Boost Consumer Convenience

By Editors | 25/05/2020

The updated system will allow account customers to switch their monthly automatic payments between first- and second-tier financial firms for handling.

Structural Regulation

Taiwan to Allow Local Firms to Open Domestic OBU Accounts

By Editors | 22/05/2020

The FSC and central bank have agreed to allow local companies to open OBU accounts at domestic banks to facilitate their access to foreign currency borrowing.