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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
ACCC Calls for Lower Fees, More Competition in FX Services
By Editors | 03/09/2019
An ACCC inquiry found that consumers continue to rely on the big four banks for FX services despite the availability of much cheaper alternatives.
Fraud, Scams & Cybercrime
China Moves to Cut Off P2P Lenders’ Payment Channels
By Editors | 02/09/2019
Cutting off payment and settlement services will restrict the funds flowing in and out of P2P lenders, part of a regulatory crackdown on the sector.
Clearing & Post-Trade
ASX to Streamline Transfers to CHESS Subregister
By Editors | 02/09/2019
ASX will remove a requirement for settlement-only participants to receive and provide a registrable transfer document for transfers, but will require validation checks.
Payments & Settlements
Shenzhen to Pilot Easier Rules on Foreign Exchange Transactions
By Editors | 30/08/2019
To facilitate payments in foreign currencies, SAFE’s Shenzhen branch will move away from the approval-based system to shorten settlement to just minutes rather than hours.
Data Privacy
ACCC Invites Firms to Test Open Banking Data Sharing
By Editors | 27/08/2019
The ACCC is seeking participants to help it test the data-sharing ecosystem under the consumer data right, which was passed into law earlier this month.
Clearing & Post-Trade
China Allows Foreign Investors to Use T+3 Bond Settlement
By Manesh Samtani | 26/08/2019
The move will further facilitate the participation of foreign institutional investors in the interbank bond market, who need the extra time to fund their trades.
Trading & Investment
BNM Extends Range of Securities Eligible for Repo
By Editors | 21/08/2019
BNM’s draft policy document proposes to extend the maximum tenor of a repo to five years from 365 days previously, and to expand the securities that are eligible for repo.
Trading & Investment
PBOC Approves Development of ‘Standardised Notes’
By Editors | 20/08/2019
Standardised notes are tradable beneficiary certificates backed by a pool of commercial paper or bankers’ acceptances with similar maturities.
Trading & Investment
Malaysia Liberalises FX Hedging Framework
By Editors | 19/08/2019
The policy move is aimed at providing greater flexibility and efficiency in foreign exchange risk management and business operations.
Trading & Investment
Shanghai to Allow Multinational Firm Employees to Trade A-Shares
By Editors | 15/08/2019
The initiative is aimed at encouraging more multinational companies to set up their regional headquarters in Shanghai, which seeks status as a global financial centre.
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