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

    CPMI Issues New Report on Interlinking Fast Payment Systems

    By Thisanka Siripala | 24/02/2025

    The report says linking FPS is a priority for the G20, and that several FPS operators have expressed interest in establishing interlinking arrangements.

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    Payments & Settlements

    China Allows Hong Kong and Macau Banks to Offer Card Services

    By Mark Johnston | 24/02/2025

    Mainland branches of Hong Kong and Macau banks will be permitted to offer card services to individual customers, government departments, and corporate clients.

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    Clearing & Post-Trade

    UK Holds Launch Event for Transition to T+1 Settlement

    By Nithya Subramanian | 23/02/2025

    The BOE estimates the move to T+1 will free up GBP 1 billion of margin currently held at CCPs, which can be repurposed to “more productive uses”.

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    Anti-Money Laundering

    FATF Removes Philippines from Grey List, Adds Nepal and Laos

    By Manesh Samtani | 23/02/2025

    The FATF also agreed on standards revisions to support financial inclusion and to issue consultations on payment transparency and proliferation financing schemes.

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    Payments & Settlements

    China to Ramp Up Cooperation with Gulf States: PBOC Governor

    By Mark Johnston | 20/02/2025

    Speaking in Saudi Arabia, the PBOC governor pledged cooperation on local currency settlement, payment systems, digital currency and AML.

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    Clearing & Post-Trade

    UK Authorities Endorse Plan to Transition to T+1 Settlement Cycle

    By Nithya Subramanian | 20/02/2025

    HM Treasury, the FCA, and the BOE are urging market participants to begin preparations immediately to ensure readiness for 11 October 2027.

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    Payments & Settlements

    MPFA Announces Enhancements to eMPF Platform

    By Sanday Chongo Kabange | 20/02/2025

    Five MPF trustees have been onboarded to the new eMPF platform so far. Seven more will start onboarding starting in March.

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    Payments & Settlements

    Malaysia, Indonesia, Thailand to Ramp Up Local Currency Transactions

    By Nithya Subramanian | 18/02/2025

    New framework streamlines processes and broadens the scope of cross-border transactions eligible for local currency settlement to include portfolio investments.

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    Cryptocurrency

    MAS Grants In-principle Digital Assets Licence to Straits Millennium

    By Nithya Subramanian | 18/02/2025

    Some 30 firms in Singapore have been granted an Major Payment Institution license by MAS for DPT services.

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    Payments & Settlements

    BIS Releases Details of Planned Cross-border Payments PoC

    By Manesh Samtani | 17/02/2025

    Project Rialto will link instant payment systems to a transnational network with an automated FX conversion layer for settlement in central bank money.

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