Payments & Settlements

Payments & Settlements

RBA Underlines High Cost of Cross-Border Transfers via Big Banks

By Editors | 11/12/2019

The average mark-up over the wholesale exchange rate is around 5.5% for the major banks, versus about 1% for the digital money transfer services, said RBA governor Philip Lowe.

Payments & Settlements

RBI to Make NEFT System Available 24×7

By Editors | 11/12/2019

From 16 December, the NEFT system will be available on a 24/7 basis, including on holidays with batch settlement every half hour.

Payments & Settlements

Japan Probes Barriers Preventing Fintechs Access to Zengin System

By Editors | 09/12/2019

Japan’s antitrust agency is looking into how banks decide fees for using the national interbank funds transfer system and whether they present an entry barrier for fintechs.

Clearing & Post-Trade

Reducing Settlement Cycles – An Asia Pacific Perspective

By Philippe Dirckx | 09/12/2019

Should the decision be taken to further reduce the settlement period, a number of challenges will have to be overcome, says Senfinasia founder Philippe Dirckx.

Payments & Settlements

Japan, Indonesia Agree to Local Currency Settlement for Trade, Investment

By Editors | 06/12/2019

Japan and Indonesia have agreed on a local currency settlement deal that will allow the use of the yen and rupiah to settle bilateral trade and direct investment transactions.

Payments & Settlements

South Korea to Formally Launch Open Banking System This Month

By Editors | 02/12/2019

October’s 10-bank pilot attracted over 5.5 million bank accounts with the open banking service now expanded to include eight additional banks and fintech firms.

Clearing & Post-Trade

Thailand to Launches DLT Pilot Trading Corporate Bonds

By Editors | 26/11/2019

The DLT project was first announced in September, and will first test trading with bonds before expanding to equities, derivatives and investment funds.

Structural Regulation

CSRC Solicits Comments on Revised Rules for Futures Exchanges

By Editors | 20/11/2019

The CSRC has revised its rules for futures exchanges to align with new developments, existing futures market practices, and international standards, as well as to improve front-line supervision.

Trading & Investment

China Eases Foreign Access to Interbank FX Derivatives for Hedging

By Editors | 18/11/2019

Under draft measures from SAFE, foreign institutional investors may participate in interbank FX derivatives to manage foreign exchange risk arising from interbank bond investments.