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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.
Payments & Settlements
Singapore’s UOB Completes Cross-Border P2P Payments in Real Time
By Editors | 16/11/2018
In a demo at Singapore FinTech Festival, multiple funds transfers were conducted between a UOB Singapore account and a UOB Thailand account in real time via the bank’s mobile app.
Market Data & Technology
SGX to Distribute China Interbank Bond Indices to International Investors
By Garima Chitkara | 15/11/2018
The agreement to distribute CFETS-BOC bond indices outside of China is just one among four agreements signed between China and Singapore this week.
Clearing & Post-Trade
SGX to Launch New T+2 Securities Settlement System from 10 December
By Manesh Samtani | 14/11/2018
Among several other enhancements, moving from a T+3 to a T+2 settlement cycle will harmonise Singapore with stock markets in Australia, the EU, Hong Kong and the US.
Structural Regulation
Myanmar Allows Local Lending by Foreign Bank Branches
By Editors | 13/11/2018
To date, the 13 foreign banks with branches in Myanmar have only been allowed to lend to foreign entities in the country, and only in foreign currencies.
Payments & Settlements
Amex Affiliate Wins Approval to Enter China Bank Card Market
By Editors | 12/11/2018
The affiliate, 50 percent owned by Amex subsidiaries, will be able to operate a credit card payment network that will allow Amex-branded cards to be used in China.
Structural Regulation
Asia Region Funds Passport: What You Need to Know
By Leo Chen | 12/11/2018
Technology will be critical to address inconsistencies in processes, practices and standards across ARFP-participating jurisdictions, says Calastone’s Leo Chen.
Payments & Settlements
SEBI to Introduce UPI Payment Option for Retail IPO Investors
By Editors | 02/11/2018
Enabling the UPI for retail investors subscribing to public share issues through intermediaries will cut IPOs listing times from six to three days, according to local media reports.
Clearing & Post-Trade
European Firms Will Have Access to UK Clearing in No-Deal Brexit
By Manesh Samtani | 01/11/2018
European traders will temporarily be able to use UK derivatives clearing services even without a Brexit deal in place, according to the European Commission’s Valdis Dombrovskis.
Custody & Infrastructure
Japanese Banks Trial Blockchain-based Settlement for Small Transactions
By Editors | 31/10/2018
Nine banks will use Fujitsu technology to test the ability of a custom digital currency to achieve low-cost performance of real-time gross settlement for small-scale transactions.
Trading & Investment
Shinzo Abe’s Beijing Visit Paves Way for Financial Sector Cooperation
By Manesh Samtani | 29/10/2018
Forty years since the 1978 peace treaty marked by a series of MoUs between central banks, securities regulators, stock exchanges and industry bodies, among others.
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