Payments & Settlements

    Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.

    Payments & Settlements

    MAS’ Ravi Menon on Blockchain Misconceptions – Speech

    By Manesh Samtani | 11/03/2019

    In a recent speech, MAS managing director Ravi Menon shared his views on blockchain, common misconceptions and use-cases where the technology shows the most promise.

    Emerging Prudential Risks

    S. Korea FSC Unveils 2019 Financial Policy Roadmap

    By Editors | 08/03/2019

    Highlights will include measures to accelerate financial innovation, approve online-only banks, launch a regulatory sandbox, and strengthen consumer and investor protection.

    Fraud, Scams & Cybercrime

    UPDATED – RBI Fines Multiple Banks for SWIFT Integration Non-Compliance

    By Editors | 05/03/2019

    The penalties follow directions issued by the RBI in February 2018 requiring banks to link their core banking systems with the SWIFT network.

    Trading & Investment

    MSCI Decision Prompts CSRC Vow to Open China Derivatives Markets

    By Editors | 04/03/2019

    MSCI will quadruple the weighting of Chinese mainland shares in its global benchmarks this year. Remaining market accessibility issues must be addressed for future weight increases.

    Trading & Investment

    HKEX Three Year Plan Lays Out Global Ambitions

    By Manesh Samtani | 01/03/2019

    HKEX plans to introduce A-share futures, expand the stock and bond connect schemes, enable remote market access for Asia Pacific brokers, and modernise its operations.

    Payments & Settlements

    UPDATED – S. Korea to Boost Fintech Development with Open Banking

    By Editors | 26/02/2019

    The FSC plans to make banking APIs more open, accessible and cost-efficient so all nonbank fintech players can access Korea’s payment network.

    Payments & Settlements

    BSP Streamlines Licensing Process e-Financial Services Firms

    By Editors | 25/02/2019

    The move is in line with BSP’s reform agenda to promote digital innovation and increase availability of safer and more efficient channels for financial services.

    Structural Regulation

    HKMA Turns Up the Heat, Announces Consultation on IBOR Transition

    By Will Hallatt | 22/02/2019

    The outcome of the HKMA and TMA consultation will be a turning point for financial services firms preparing for life after LIBOR, says international law firm Herbert Smith Freehills.

    Payments & Settlements

    Japan to Allow Non-Banks to Handle Large Remittances

    By Editors | 21/02/2019

    In a bid to improve remittance services in the country and promote fintech, Japan plans to ease limits on non-banks providing money transfer services.

    Payments & Settlements

    HKMA, PBOC Collaborate on Cross Border Financial Services – Report

    By Editors | 20/02/2019

    As part of a plan to develop the Greater Bay Area, the HKMA and PBOC are reportedly planning to work together on the introduction of cross-border mobile payments and other financial services.

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