Payments & Settlements

Tokenisation

BIS Publishes Findings from Project to Tokenise MDB Promissory Notes

By Manesh Samtani | 24/04/2025

Project Promissa developed a DLT platform for tokenised promissory notes, enabling more efficient management of the notes throughout their lifecycle.

Payments & Settlements

FSB to ‘Intensify Engagement’ on Cross-border Payments

By Manesh Samtani | 24/04/2025

Klaas Knot’s final letter to the G20 ministers says progress to enhance cross-border payments hasn’t yet led to “material improvements” for end-users.

Structural Regulation

NZ Regulators Consult on Design Approach for Basic Bank Accounts

By Sanday Chongo Kabange | 24/04/2025

The CoFR is seeking input on three main approaches to develop and ensure the widespread availability of basic transaction or bank accounts in New Zealand.

Structural Regulation

RBI Permits Minors to Independently Operate Bank Accounts

By Nithya Subramanian | 23/04/2025

Children aged 10 and above have been permitted to independently operate savings and term deposit accounts.

Payments & Settlements

China, Vietnam to Collaborate on Cross-border QR Payments

By Editors | 22/04/2025

ICBC, UnionPay, NAPAS and Vietcombank signed an agreement to establish interoperability between China and Vietnam’s QR code payment infrastructure.

Payments & Settlements

Shanghai Launches Action Plan to Enhance Cross-Border Financial Services

By Manesh Samtani | 22/04/2025

The plan includes measures to improve cross-border settlement efficiency, optimise FX hedging services, and strengthen financing support for firms that are “going global”.

Liquidity Risk

Bangladesh Bank to Launch Intraday Liquidity Facility in July – Reports

By Editors | 22/04/2025

A new intraday liquidity facility will help banks avoid fund settlement issues as the existing repo facility is being phased out

Clearing & Post-Trade

KRX to Help Thailand Upgrade Clearing & Settlement Infrastructure

By Editors | 21/04/2025

Korea Exchange signed a contract to supply the Stock Exchange of Thailand with a next-generation clearing and settlement system.

Data Privacy

China Issues Guidelines to Facilitate Cross-border Data Flows

By Editors | 21/04/2025

The guidelines set out 108 recognised financial business scenarios to facilitate data export security pre-assessments and more efficient approval processes.