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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.

Trading & Investment
Domestic Investors Enhance Market Stability but Reduce Liquidity: HKMA
By Manesh Samtani | 04/12/2025
New paper recommends a combination of policy measures to encourage domestic participation and targeted actions to alleviate the negative side effects on liquidity.

Credit Risk
India Launches New Credit Assessment Model for MSMEs
By Nithya Subramanian | 03/12/2025
The new framework introduces a fully digital, data-driven framework to improve the speed and accuracy of loan appraisals.

Structural Regulation
Bank of Thailand Proposes New FX Rules to Rein in Strong Baht
By Nithya Subramanian | 03/12/2025
Measures include raising the foreign income repatriation limit and tightening oversight of gold-related transactions to manage currency volatility.
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Sustainable Finance
RBI Unveils Five-Year Strategy to Advance Financial Inclusion
By Nithya Subramanian | 02/12/2025
The strategy outlines five core objectives and 47 action points aimed at improving last-mile access, strengthening consumer protection, and promoting financial services across India.

Payments & Settlements
IADI Targets E-Money, Crisis Management in 2026 Priorities
By Manesh Samtani | 02/12/2025
A key focus is on digital finance, including research addressing the treatment of e-money and its implications for financial stability.

Fraud, Scams & Cybercrime
EU Agrees to Shift Fraud Liability to Payment Providers and Online Platforms
By Manesh Samtani | 02/12/2025
New framework introduces mandatory payee verification, enhances open banking access, and makes payment firms liable for impersonation scams.

Payments & Settlements
OCBC to Enable WeChat Pay QR Payments in China in 2026
By Nithya Subramanian | 02/12/2025
The move results from an expanded partnership with UnionPay International, formalised on 28 November 2025 in Shanghai.

Clearing & Post-Trade
CME Outage Halts Global Trading, Spurs Calls for More Competition
By Manesh Samtani | 02/12/2025
A 10-hour outage caused by a data centre cooling failure trapped traders and highlighted market structure vulnerabilities.

Payments & Settlements
India Launches New Platform to Give RBI Greater Payments Visibility
By Nithya Subramanian | 02/12/2025
The 'Banking Connect' platform gives the RBI real-time visibility into net-banking fund transfers, replacing long reporting delays and tightening oversight of high-risk payment flows.

Payments & Settlements
Korea Passes Legislation to Tighten Rules for Payment Gateways
By Sanday Chongo Kabange | 01/12/2025
New rules mandate external management of settlement funds and higher capital requirements following a major non-settlement incident in 2024.
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