Payments & Settlements

Payments & Settlements

China Issues New Rules for Foreign Financial Networks, Information Services

By Emma Zhou | 01/08/2018

New regulations require overseas financial network and information services providers such as SWIFT to submit written reports to the PBOC.

Payments & Settlements

Thailand to Offer Fee-Free ‘Basic’ Banking

By Garima Chitkara | 01/08/2018

Thailand’s banks will offer basic accounts that exempt senior citizens and welfare recipients from entry fees, annual charges and minimum deposit requirements.

Structural Regulation

Japan’s Line Corp to Set Up Digital Bank in Taiwan

By Editors | 30/07/2018

‘Line Bank’ will be set up in partnership with up to five local partners to take deposits, provide loans, and sell mutual funds and insurance policies.

Payments & Settlements

SWIFT Pilots Enhanced Multi-Bank Cross Border Payment Standard

By Editors | 29/07/2018

Pilot participants of SWIFT enhanced gpi standard include 10 multinational corporates and 12 banks; new standard to enable multinational firms to initiate and track gpi payments to and from banks in a single format and integrate payment flows with internal systems.

Trading & Investment

SGX, NSE Resume Talks on Possible GIFT City Collaboration

By Garima Chitkara | 26/07/2018

The arbitrator has deferred judgement on the data sharing dispute until talks on collaboration between the two exchanges on a trading and settlement platform at GIFT City conclude.

Structural Regulation

The Hong Kong-China Stock (Dis)Connect

By Peter Guy | 20/07/2018

The battle for large cap tech listings between HKEX and mainland exchanges ignited over Xiaomi this week, indicating that China’s strategic goal might be to prevent home-grown, multi-billion dollar “unicorn” companies from seeking listings on any overseas markets – including Hong Kong.

Clearing & Post-Trade

A Different Approach to Accelerating Settlement and Reducing Risk

By Murray Pozmanter | 19/07/2018

Optimising settlement and moving beyond T+2 will enable firms to reduce capital requirements, systemic risk and operational costs while preserving resiliency of existing infrastructure.

Custody & Infrastructure

Thailand Explores Blockchain Use for Banking, Bonds Settlement

By Garima Chitkara | 18/07/2018

BOT looking at blockchain applications for document authentication, cross-border payments and regional connectivity; Bond Market Association working to release a bond settlement token.

Clearing & Post-Trade

Shanghai Bourse Studies Use of DLT for Securities Markets

By Garima Chitkara | 16/07/2018

In a research paper, the SSE envisions DLT efficiency in post-trade settlement and securities issuance and trading, calling on regulators to “adapt to evolving technology.”