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

    China Upgrades Interbank Payment System in Phase Two Launch

    By JP Reimann | 04/05/2018

    CIPS phase two launch extends operating hours to 24 hours on working days, among other improvements to expand participation globally and better meet participants’ needs.

    Payments & Settlements

    American Express Set to Enter China Market

    By JP Reimann | 30/04/2018

    Amex application to operate in China through a joint venture with domestic mobile-payment provider Lianlian has reportedly been accepted by PBOC.

    Payments & Settlements

    Philippines Launches Real Time E-Payments Platform InstaPay

    By JP Reimann | 24/04/2018

    Philippine central bank launch of InstaPay will enable real-time electronic fund transfers up to PHP50,000 per day through 20 participating institutions.

    Payments & Settlements

    Thailand Central Bank Requires E-Money Providers to Register

    By JP Reimann | 23/04/2018

    BOT requires all e-money, card and fund transfer service providers to register or seek approval from the central bank by 14 August.

    Trading & Investment

    SEBI to Reduce Debt Issuance Timeline to Six Days

    By Garima Chitkara | 23/04/2018

    SEBI looking to bring down time to issue debt securities from 12 to six days by mandating the online mechanism for blocking application funds for subscription of debt securities.

    Payments & Settlements

    Ant Financial – A Disruptive Force for Regulators

    By Peter Guy | 22/04/2018

    Blurring the regulatory distinction between banking and financial technology creates both opportunity and pitfalls.

    Payments & Settlements

    Hong Kong Work Plan Includes Incentives for Fund Industry

    By Manesh Samtani | 20/04/2018

    Government reviewing and enhancing existing tax concession arrangements for fund industry; HKMA to launch real-time payments, issue virtual bank licences this year.

    Cybersecurity

    Philippines Targets Retail Finance Digitalisation

    By Garima Chitkara | 19/04/2018

    BSP governor laid out the central bank’s regulatory priorities in fintech and regtech while revealing regulation around AML/KYC requirements and mitigating the risks surrounding data security.

    Payments & Settlements

    HK, Japan to Connect Settlement Systems

    By JP Reimann | 19/04/2018

    BOJ-NET link with HKD CHATS will effectively eliminate the need for the US dollar as an intermediate currency in cross-border transactions.

    Structural Regulation

    PBOC Confirms Financial Sector ‘Opening up’ Plans

    By Samuel Riding | 14/04/2018

    Governor Yi Gang confirms there will eventually be no limits on foreign ownership of financial institutions; quadruples Stock Connect quotas.

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