Payments & Settlements

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

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    Payments & Settlements

    FSS Probing KRX Over System Failure That Halted KOSPI Trading

    By Nithya Subramanian | 26/03/2025

    The system error caused a seven-minute freeze in KOSPI trading, the first market halt during regular hours since KRX was established in 2005.

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    Structural Regulation

    PFRDA Issues Operational Regulations for Unified Pension Scheme

    By Mark Johnston | 26/03/2025

    Indian government employees will have the option to switch to the Unified Pension Scheme. The switch would be irrevocable, PFRDA said.

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    Clearing & Post-Trade

    JSCC, Tradeweb Launch Swaps Clearing Connectivity

    By Thisanka Siripala | 26/03/2025

    The new connectivity eliminates the need for an affirmation process and is expected to improve efficiencies for buy-side firms.

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    Payments & Settlements

    Taiwan Launches New QR Code Payment Service for Travel

    By Sanday Chongo Kabange | 25/03/2025

    Nine participating financial institutions will offer a 100 percent rebate on fares paid with “TWQR QR Code for Travel” until 31 December.

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    PEPs & Sanctions

    Malaysia to Tighten Semiconductor Regulations Amid US Pressure

    By Nithya Subramanian | 25/03/2025

    The US has asked Malaysia to monitor every shipment containing Nvidia chips and ensure they are not diverted to China in violation of export controls.

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    Payments & Settlements

    Japan to Phase Out Cheques and Promissory Notes in 2027

    By Thisanka Siripala | 25/03/2025

    The JBA will discontinue its electronic clearing system for checks and promissory notes in April 2027.

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    Liquidity Risk

    PBOC Adopts New Auction Method for Lending to Banks

    By Mark Johnston | 25/03/2025

    Lenders will bid for one-year loans at varying interest rates, helping to move towards a more market-driven pricing mechanism.

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    Payments & Settlements

    Australia Mandates Payday Superannuation Contributions

    By Mark Johnston | 21/03/2025

    To boost retirement security and simplify payroll processes, employers need to align superannuation payments with salaries by 2026.

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    Clearing & Post-Trade

    OTC Clear to Start Accepting CGBs as Collateral for All Derivatives

    By Sanday Chongo Kabange | 20/03/2025

    HKEX says the initiative will provide greater flexibility to international investors and improve their capital efficiency.

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    Payments & Settlements

    RBI Permits Local Currency Trade Settlement with Maldives

    By Nithya Subramanian | 20/03/2025

    The use of local currencies in bilateral trade is expected to lower FX conversion costs and strengthen economic ties between India and the Maldives.

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