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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.

Anti-Money Laundering
S. Korea to Unify Remittance Limits, Launch Real-Time FX Monitoring
By Mark Johnston | 10/12/2025
The Ministry of Economy and Finance will abolish the designated bank system in 2026, levelling the playing field for non-bank operators under a new oversight framework.

Operational Risk
APRA Proposes Easing Operational Risk Rules for Key Service Providers
By Sanday Chongo Kabange | 10/12/2025
The consultation seeks to exempt firms from some contractual requirements in CPS 230 for non-negotiable, market-mandated provider arrangements.

Trading & Investment
RBI Proposes Full Cost Disclosure in Retail FX Deals
By Nithya Subramanian | 10/12/2025
RBI has proposed new rules requiring ADs to disclose the full transaction cost of foreign exchange deals to retail users to boost transparency in the FX market.

Clearing & Post-Trade
ASIFMA Urges Caution on APAC T+1 Shift, Citing Major Hurdles
By Manesh Samtani | 09/12/2025
A new industry paper highlights significant FX, operational and regulatory hurdles, calling for collaboration before any move to a shorter settlement cycle.

Clearing & Post-Trade
China Rapidly Aligning Derivatives Market with Global Standards: Experts
By Manesh Samtani | 09/12/2025
ISDA panel discusses rapid developments in China’s repo market, the adoption of margin rules for non-cleared derivatives, and opportunities for CGBs.

Liquidity Risk
Korea Moves to Stabilise Won with NPS Swap Extension, New FX Rules
By Manesh Samtani | 09/12/2025
Authorities will extend a USD 65 billion currency swap and begin monitoring exporters' forex activities to ease pressure on the won.

Clearing & Post-Trade
HKEX Aligns OTC Clear Margin Policy with New Reference Rate Model
By Sanday Chongo Kabange | 09/12/2025
From January 2026, interest on cash collateral at the clearing house will be based on benchmark rates minus a handling fee.

KYC & CDD
RBI Standardises Framework for Basic Bank Accounts Across Industry
By Nithya Subramanian | 08/12/2025
The central bank has unified BSBD account norms nationwide, expanding free services and updating digital and KYC requirements across every class of bank.

Payments & Settlements
India, Cambodia to Enable Cross-Border QR Payments via UPI-KHQR Link
By Manesh Samtani | 08/12/2025
An agreement will connect India's UPI and Cambodia's KHQR networks, with a planned launch in H2 2026 to facilitate seamless payments.

Payments & Settlements
Cambodia Central Bank Announces Full Liquidation of Huione Pay
By Mark Johnston | 08/12/2025
The National Bank of Cambodia has announced the complete liquidation of payment firm Huione Pay following its licence revocation in September 2024.
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