ADVERTISEMENT
Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.
Data Privacy
RBI to Allow New Type of ‘Account Aggregator’ NBFC
By Editors | 06/07/2015
The Reserve Bank of India said it will allow a new type of non-banking financial company which can act as an account aggregator to enable customers to see all accounts across multiple financial institutions in a common format.
Payments & Settlements
Indonesia Bans Foreign Currencies in Domestic Transactions
By Editors | 02/07/2015
Indonesia’s central bank has banned the use of foreign currencies for domestic transactions to control onshore demand for dollars and ease downward pressure on the rupiah, effective on July 1.
Cloud & Infrastructure
Singapore Allows Banks to Test Fintech Innovation Without Seeking Approval
By Editors | 02/07/2015
The Monetary Authority of Singapore said financial institutions are free to test certain digital innovations without the approval of the regulator, while announcing other initiatives aimed at boosting the fintech sector.
Payments & Settlements
MAS Reprimands SGX for Market Outages
By Editors | 25/06/2015
The Monetary Authority of Singapore has reprimanded the Singapore Exchange for lapses related to market outages and is directing it to improve recovery capabilities and processes.
Payments & Settlements
Operating Hours of Yuan Liquidity Facility Extended by HKMA
By Editors | 24/06/2015
The Hong Kong Monetary Authority announced that it will extend the operating hours of the intraday repo under the Renminbi Liquidity Facility from July 20.
Payments & Settlements
CIPS to Launch by Year-End
By Editors | 19/06/2015
The People’s Bank of China has issued a report on RMB internationalisation, which includes confirmation of the year-end launch of its new payments system.
Cryptocurrency
Aussie Banks Test Digital Currency Ripple as New Payments Technology
By Editors | 19/06/2015
ANZ Bank and Westpac have joined Commonwealth Bank in testing new payments technology from US-based group Ripple Labs, representing a possible transformation of the payments industry.
Structural Regulation
New Zealand and Myanmar to join AIIB
By Editors | 16/06/2015
New Zealand and Myanmar will be members of the Asian Infrastructure Investment Bank, slated to begin operations later this year.
Payments & Settlements
China Moves Towards Interest Rate Liberalisation
By Editors | 05/06/2015
The People’s Bank of China on Tuesday issued a regulation allowing financial institutions to issue large-denomination certificates of deposit to investors.
Trading & Investment
China Expects $2.5 Trillion Silk Road Trade Boosting RMB
By Editors | 28/05/2015
China’s New Silk Road project that will link the country to key markets in Asia all the way to Europe is expected to generate $2.5 trillion in trade in 10 years and boost renminbi’s use.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.