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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.
Cybersecurity
Asia Ahead of Other Regions in FinTech: IMF
By Editors | 04/07/2019
Policymakers are facing a balancing act between keeping up with the pace of fintech development and trying to ensure risks are well understood and mitigated.
Payments & Settlements
Australian Payments Council Releases New Strategic Agenda
By Editors | 03/07/2019
The strategic agenda sets out five areas that will guide the APC’s work to ensure the payments system remains resilient, efficient, accessible, and adaptable.
Structural Regulation
MAS to Issue Up to Five Digital Bank Licences
By Editors | 01/07/2019
The initiative effectively extends digital bank licences to non-bank players, as existing banking groups in Singapore already have a framework for setting up digital bank subsidiaries.
Payments & Settlements
Australian Fintechs Says Banks Are Delaying NPP Adoption
By Editors | 27/06/2019
Earlier this month, the RBA called for an enforceable sanctions regime and possible financial penalties for participants that do not deliver core NPP capabilities on time.
Payments & Settlements
Singapore, Indonesia to Launch Cross Border QR Payments
By Editors | 27/06/2019
Singapore’s Liquid Group and Indonesia’s CIMB Niaga have established a partnership to accelerate adoption of cross border QR payments.
Emerging Prudential Risks
FSB Chair Issues Letter to G20 Ahead of Osaka Summit
By Editors | 27/06/2019
The letter reports on the FSB’s work to monitor financial stability risks, reform implementation progress, and market fragmentation issues.
Trading & Investment
Stock Connect Investors Gain Access to Onshore Yuan Rates
By Editors | 24/06/2019
Under the new arrangement, northbound Stock Connect investors will be able to hedge yuan exposures using the onshore exchange rate for the first time.
Payments & Settlements
Mirae Asset Daewoo to Launch Payments Business
By Editors | 21/06/2019
The FSC lifted restrictions barring brokerage firms from entering the payments business last December. WeChat Pay will be used in Mirae Asset Daewoo’s new payment gateway.
Clearing & Post-Trade
BOC Becomes LCH’s First Chinese Clearing Member
By Editors | 21/06/2019
Bank of China now has access to clearing of interest rate derivatives at LCH, and can act as a clearing broker to offer the service to its clients.
Trading & Investment
RBI Retail FX Trading Platform Set for 5 August Launch
By Editors | 21/06/2019
The RBI has said that FX-Retail, the electronic platform for retail foreign exchange trading, will be launched on 5 August.
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