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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.
Payments & Settlements
China Raises Daily Remittance Limit for Macau Residents
By Editors | 20/12/2019
The move comes as President Xi Jinping visits Macau this week, amid expectations that further preferential policies will be announced to promote Macau as a financial centre.
Anti-Money Laundering
Regulation Asia: Top Ten News Stories for 2019
By Editors | 20/12/2019
This list presents the most-read new stories published by Regulation Asia in 2019, based on aggregated user traffic analytics.
Payments & Settlements
South Korea Formally Launches Open Banking Service
By Editors | 20/12/2019
Open banking will serve as a catalyst for various innovations and bring tectonic shifts in the financial industry, FSC chairman Eun Sung-soo said at the launch event.
Payments & Settlements
India Shows How Policy Can Solve Financial Inclusion: BIS Paper
By Editors | 19/12/2019
The paper highlights India’s Aadhaar programme, which promotes financial inclusion, offers more robust AML/CFT checks, and has led to the creation of several innovative and interoperable digital platforms.
Structural Regulation
UPDATED – ZA Bank Becomes First HK Virtual Bank to Launch Pilot Services
By Editors | 19/12/2019
ZA Bank, backed by ZhongAn and Sinolink Group, has launched services for 2,000 selected users to test under the HKMA’s sandbox mechanism.
Payments & Settlements
Google Recommends India UPI Model for New US ‘FedNow’ Service
By Editors | 19/12/2019
UPI adoption has grown from 100,000 to 1.15 billion monthly transactions in four years, with 140 member banks using its rails to enable payments for customers.
Payments & Settlements
CFETS Rolls Out Foreign Currency Pledged Repo Business
By Editors | 17/12/2019
The move is aimed at reducing the costs of foreign currency financing and diversifying foreign currency financing instruments.
Market Data & Technology
TMA Publishes Consultation Conclusions on HONIA Enhancements
By Editors | 16/12/2019
HONIA will continue to be calculated based on data from the existing five contributing money brokers for now, but the reporting window will change to 8:00-16:00.
Tokenisation
CPMI Offers Guidance for Designers of Wholesale Digital Tokens
By Editors | 12/12/2019
The report describes the potential innovations and design questions associated with digital tokens that could be used to settle large-value payments.
Clearing & Post-Trade
LSEG to Provide Post Trade Technology for Philippine Bourse
By Editors | 12/12/2019
The Securities Clearing Corporation of the Philippines will use LSEG technology to enhance its clearing, settlement, risk and collateral management capabilities.
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