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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.
CBDCs
Singapore, Canada Conclude First Trial on CDBC Cross-Border Payments
By Editors | 02/05/2019
MAS and the Bank of Canada linked up experimental payment networks despite their being built on two different DLT platforms.
Payments & Settlements
China Allows Payment Firms to Offer Cross-Border Services
By Editors | 30/04/2019
China’s State Administration of Foreign Exchange is allowing payment providers to offer cross-border services for e-commerce settlement, electronic payments and foreign exchange.
Payments & Settlements
Singapore’s NETS to Co-Develop QR Payment System in Myanmar
By Editors | 30/04/2019
Singapore payment services provider NETS Group is helping the Myanmar Payment Union develop a unified e-payment system modelled after the SGQR.
Trading & Investment
SGX, UOB Sign Pact to Help Chinese Firms Expand in ASEAN
By Editors | 29/04/2019
Chinese firms will be able to leverage SGX and UOB’s infrastructure, expertise and networks to expand into Singapore and other ASEAN nations.
Clearing & Post-Trade
Hong Kong Proposes Enhancements to OTC Derivatives Regime
By Manesh Samtani | 29/04/2019
In a joint consultation, the HKMA and SFC propose to mandate the use of UTIs in OTC derivatives trade reporting, and to discontinue masking relief for all jurisdictions but China.
Clearing & Post-Trade
Bursa Malaysia Goes Live with T+2 Settlement
By Editors | 29/04/2019
Starting today (29 April), securities trade on Bursa Malaysia will be executed on T+2 settlement, a move first proposed in March 2018.
Structural Regulation
Closer Cooperation Key to Greater Bay Area Success – FTAHK
By Manesh Samtani | 28/04/2019
There are significant opportunities for cross-border collaboration and integration across the Greater Bay Area, the FinTech Association of Hong Kong says in a new report.
Payments & Settlements
MAS Issues Update to E-Payments User Protection Guidelines
By Editors | 26/04/2019
The update addresses situations where customers choose to receive fewer transaction notifications, which could affect their ability to monitor for unauthorised transactions.
Payments & Settlements
BSP Issues Draft Rules for Implementing National Payment Systems Act
By Editors | 26/04/2019
The Philippine central bank has issued a draft circular to support its new mandate as the primary regulator for the country’s payment systems.
Cloud & Infrastructure
S. Korea FSC Accepts First Nine Fintech Sandbox Participants
By Editors | 18/04/2019
South Korea’s financial regulator has announced the first nine fintech services that it will allow to operate in its regulatory sandbox.
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