Payments & Settlements

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

    Structural Regulation

    Japan Mulls Overhaul of Approach to Financial Industry Regulation

    By Garima Chitkara | 01/03/2018

    New rules propose an approach focused on financial function rather than individual entities; and are expected bring traditional financial firms and fintech firms on level playing field.

    Fraud, Scams & Cybercrime

    RBI Mandates Integration of SWIFT in Core Banking Software

    By Manesh Samtani | 26/02/2018

    Punjab National Bank says $1.8bn fraud went undetected because staff failed to enter SWIFT instructions in core banking software.

    Clearing & Post-Trade

    India Allows Cash as Collateral for GIFT City Trading

    By Editors | 23/02/2018

    Foreign securities and gold also eligible, but cash and cash equivalents will need to form 50 percent of total liquid assets at all times.

    Payments & Settlements

    Australia Launches Real Time Payments Platform

    By Manesh Samtani | 14/02/2018

    New Payments Platform enables instant transfers between accounts at different financial institutions, at “any time of day, any day of the year.”

    Payments & Settlements

    MAS Consults on E-Payment Guidelines

    By Editors | 14/02/2018

    The guidelines set standards on financial institutions providing e-payment services and their users.

    Supervision & Enforcement

    China ‘Techfins’ Alibaba, Tencent Fined for Forex Breaches

    By Editors | 10/02/2018

    Financial units of Alibaba and Tencent fined for offences including failure to file reports on forex payments by non-residents.

    Structural Regulation

    Vietnam to Redefine Securities Market Laws

    By Samuel Riding | 10/02/2018

    New rules cover clearing and settlement, corporate governance by securities and fund management firms, and securities regulator’s powers.

    Trading & Investment

    Singapore, Malaysia Unveil Plans for Cross Border Stock Trading Link

    By Manesh Samtani | 07/02/2018

    Link to be operational by year-end; will enable cross-border trading, clearing, settlement of shares between SGX and Bursa Malaysia.

    Structural Regulation

    Japan Govt to Draw From ‘Dormant’ Bank Accounts

    By Editors | 01/02/2018

    Funds from accounts with no activity for 10 years to be used to fund public projects from Q2 2019.

    Payments & Settlements

    MAS in Talks with Blockchain Firm Ripple on Cross Border Payments

    By Manesh Samtani | 15/01/2018

    Ripple chief says technology can speed up cross-border transactions from days to second, save banks trillions in collateral held against settlement risks.

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