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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    Clearing & Post-Trade

    KSD and Kuwait Clearing Company Sign MoU to Enhance Cooperation

    By Mark Johnston | 02/02/2025

    The MoU was signed to strengthen collaboration on improving securities settlement systems and enhancing infrastructure.

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    Payments & Settlements

    RBI Tightens Penalties Framework for Payment System Offences

    By Nithya Subramanian | 01/02/2025

    The framework includes monetary penalties and compounding offences to tighten compliance in the digital payments sector.

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    KYC & CDD

    BNM Discloses Penalties Against Six Financial Institutions

    By Nithya Subramanian | 31/01/2025

    BM penalised AmBank, Maybank, RHB Bank, Maybank Islamic Berhad, AmInvestment Bank, and Worldwide Superstar Money Changer.

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    CBDCs

    Wholesale CBDCs More Likely to Gain Traction Than Retail CBDCs – Report

    By Thisanka Siripala | 31/01/2025

    Wholesale CBDCs are more likely to launch ahead of retail CBDCs on account of clearer efficiency gains and lower barriers to adoption.

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    Trading & Investment

    Korea Eases Access to Government Bonds for Foreign Investors

    By Editors | 30/01/2025

    The measures come ahead of the inclusion of South Korean government bonds in the WGBI, starting in November 2025.

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    Payments & Settlements

    China UnionPay to Enable QR Payments Connectivity for Indonesia

    By Editors | 29/01/2025

    Indonesia is UnionPay’s fourth country-level cross-border QR payment project in the Southeast Asian market after Cambodia, Vietnam and Laos.

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    Payments & Settlements

    WeChat Pay HK Expands Cross-Border Payments to Mainland Merchants

    By Sanday Chongo Kabange | 28/01/2025

    Transactions made in CNY will be automatically converted to HKD with no handling fees, the company said.

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    Structural Regulation

    China Invites Foreign FIs to Test New Financial Products in FTZs

    By Manesh Samtani | 28/01/2025

    Approvals to establish banking, insurance, securities, futures, or fund management subsidiaries in the FTZs will take a maximum 120 days.

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    Structural Regulation

    Hong Kong Moves Closer to Fully Paperless Securities Market

    By Sanday Chongo Kabange | 27/01/2025

    Only online channels will be allowed for subscriptions to public offers of equity securities, and issuers will have more flexibility to adopt digital communication and payment technologies

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    Clearing & Post-Trade

    ASX Offers Explanation for December 2024 Market Disruption

    By Sanday Chongo Kabange | 27/01/2025

    ASX implemented a software fix, waived fail fees from 20-31 December 2024, and will distribute A$1mn in rebates to settlement participants.

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