ADVERTISEMENT
Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.
DeFi & Web3
FSB: Decentralisation Could Benefit Financial Stability
By Manesh Samtani | 08/06/2019
While decentralised financial technologies do pose risks, they may increase competition and diversity in the financial system and reduce existing entities’ systemic importance.
Payments & Settlements
UPDATED – RBI Removes RTGS, NEFT Fund Transfer Fees
By Editors | 07/06/2019
Industry players and banking experts say the move will not only boost digital payments, but also make transactions faster, safer and cost-effective.
Payments & Settlements
RBI Publishes Payment Systems Benchmarking Report
By Editors | 06/06/2019
Further efforts are needed to reduce paper clearing and improve acceptance infrastructure (e.g. PoS devices) to enhance digital payments.
Payments & Settlements
Project Stella: DLT Can Improve Cross-Border Payment Security
By Editors | 06/06/2019
The BOJ-ECB phase three study says DLT can improve security in cross-border payments by using payment methods that synchronise payments and lock funds along the payment chain.
Data Privacy
FSC Korea to Launch Open Data Infrastructure to Facilitate Innovation
By Editors | 05/06/2019
A new open data system will start providing anonymised credit information of two million people as sample data in June; and next year a financial data exchange will be launched.
Clearing & Post-Trade
BSE India, ICCL Implement CCP Interoperability Framework
By Editors | 04/06/2019
BSE India and its subsidiary ICCL have gone live with the clearing corporation interoperability framework, despite a one month extension being announced.
Payments & Settlements
Japan, Philippines Explore Yen-Peso Direct Trading
By Editors | 03/06/2019
Japan and the Philippines will explore the establishment of direct yen-peso settlement for trade and investment between the two countries.
KYC & CDD
FSB Details Progress to Address Decline in Correspondent Banking
By Editors | 03/06/2019
The number of active correspondent banks declined by 3.4% in 2018, bringing the cumulative decline since 2011 to 19.3 percent.
Trading & Investment
China Clarifies Treatment of CDR Proceeds for Foreign Issuers
By Editors | 30/05/2019
New rules from the PBOC and SAFE give freedom to CDR issuers to elect whether to keep the proceeds in China or send them abroad.
Payments & Settlements
Indonesia Unveils Payment System Roadmap, Launches QR Code System
By Editors | 29/05/2019
Bank Indonesia’s roadmap for the payments system includes plans for open banking, real-time retail payments and a digital ID system.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.