Payments & Settlements

Custody & Infrastructure

HSBC to Enable Blockchain-based FX Settlement Platform for Clients

By Editors | 15/01/2019

In the last year, HSBC has processed more than 3 million internal FX transactions worth over $250bn using the blockchain-based FX settlement platform.

Payments & Settlements

Singapore Parliament Passes Payment Services Act

By Editors | 15/01/2019

The law represents a framework to streamline payment services regulation in Singapore under a single legislation and bring payment activities under the remit of the MAS.

CBDCs

BIS Issues Report on Central Bank Digital Currencies

By Editors | 10/01/2019

Only one of 63 central bank respondents has said it is very likely to issue a central bank digital currency in the next six years.

Trading & Investment

Technical Preparation for Shanghai-London Connect Completed

By Editors | 07/01/2019

The currency conversion system that delayed the launch of the Shanghai-London Stock Connect last month has now been completed.

Payments & Settlements

S. Korea Designates 11 Banks as Won-Yuan Liquidity Providers

By Editors | 01/01/2019

The banks selected by South Korea’s central bank include 6 domestic institutions and 5 foreign institutions with local branches.

Clearing & Post-Trade

LSEG Technology Announces New Post-Trade Functionality at SGX

By Editors | 24/12/2018

The new settlement and depository system enables SGX and market participants to align to global market practices, messaging standardisation and T+2 settlement.

Payments & Settlements

All SWIFT Banks to Adopt gpi Payments by End-2020

By Editors | 20/12/2018

Over half of SWIFT’s cross border traffic now goes through as gpi payments, with full adoption by its 10,000 member banks expected by end-2020.

Structural Regulation

Plans to Launch HK-China ETF Connect Put on Hold – Report

By Editors | 14/12/2018

Trading and settlement issues will require “a very long period of discussion” to resolve, according to SFC chairman Tim Lui, adding that the focus will shift to enabling ETF cross listings.

Payments & Settlements

SWIFT to Pilot Real-time Error Detection in gpi Payments

By Editors | 06/12/2018

SWIFT gpi pre-validation service will ensure preventable errors and omissions are corrected before initial payment instructions are sent, reducing delays and costs for banks.