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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.

Payments & Settlements
ANZ Expands Cross-border Payments Service to More Banks
By Sanday Chongo Kabange | 19/12/2024
The service will allow more than 400 international banks to route inbound cross-border payments through Australia’s NPP.

Payments & Settlements
Korea Amends Rules for on Investors’ Foreign Currency Deposits
By Editors | 17/12/2024
The regulatory amendment increases the proportion of investors’ USD and JPY funds that securities firms have to deposit with the KSFC.

Clearing & Post-Trade
HKEX to Accept CGBs as Collateral for Swap Connect from 13 Jan
By Sanday Chongo Kabange | 17/12/2024
From 13 January, China government bonds held through Bond Connect can be used as collateral for Northbound Swap Connect.

CBDCs
Bank Indonesia Completes Stage One PoC Testing for CBDC
By Manesh Samtani | 17/12/2024
Bank Indonesia published a report presenting the PoC findings and outlining focus areas for future exploration, including digital securities.

Payments & Settlements
Cambodia, Vietnam Launch Cross-Border QR Payments Linkage
By Sanday Chongo Kabange | 16/12/2024
The linkage allows Vietnamese and Cambodian visitors scan QR codes to make payments at merchants in each other’s countries.

PEPs & Sanctions
Russia’s Rosneft, India’s Reliance Agree $13b Crude Oil Deal
By Editors | 16/12/2024
The EU has been separately calling on Indian authorities to stop the illicit flow of Common High Priority Items to Russia.

Clearing & Post-Trade
HKEX to Enhance Post-Trade Services for Cash Equities in 2025
By Sanday Chongo Kabange | 13/12/2024
New post-trade features will be rolled out progressively on HKEX’s Orion Cash Platform (OCP) beginning in mid-2025.

Payments & Settlements
SEBI to Expand T+0 Settlement to More Stocks, Brokers
By Editors | 13/12/2024
T+0 settlement will be available to more stocks starting from 31 January 2025. All stock brokers will be allowed to participate.

Payments & Settlements
FSB Finalises Recommendations on Cross-border Payments
By Manesh Samtani | 13/12/2024
The recommendations aim to promote global alignment in legal, regulatory and data frameworks relevant to cross-border payments.

AI Risk & Governance
FSS Korea Implements Broad Organisational Reforms
By Editors | 12/12/2024
The FSS has reappointed 74 out of 75 department heads to “promote innovative thinking and work innovation”.
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