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Payments & Settlements
Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.
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”.
PEPs & Sanctions
US Disburses $20bn Portion of G7 Loan to Support Ukraine
By Editors | 12/12/2024
The funds, part of the $50bn G7 loan package, will be repaid with earnings from the Russian assets frozen by sanctions in Europe.
Clearing & Post-Trade
Transitioning to T+1 Settlement: Challenges for Europe and Asia
By Nithya Subramanian | 11/12/2024
DTCC’s Val Wotton discusses how Asia-based firms will be impacted by the transition to T+1 in the UK and Europe.
Fraud, Scams & Cybercrime
US Regulator Places Google Payment Corp Under Supervision
By Thisanka Siripala | 11/12/2024
Google Payment Corp says the consumer complaints cited by the CFPB are based on a discontinued service that no longer poses a risk.
CBDCs
RBNZ Publishes Results of ‘Digital Cash’ Consultation
By Sanday Chongo Kabange | 11/12/2024
If ‘digital cash’ is introduced, the earliest it would be is 2030. The RBNZ confirmed that issuing physical cash would remain a priority.
Payments & Settlements
HKAB Still Exploring Ways to Phase Out Cheque Use – Report
By Editors | 10/12/2024
The association is studying ten industries that still heavily rely on cheques, including the stockbroking, auditing and insurance industries.
Trading & Investment
Bursa Malaysia JV Opens Secondary Market for Debt Fundraising Platform
By Editors | 10/12/2024
The debt fundraising platform was launched in December 2023. Offering a secondary market aims to provide flexibility and liquidity to investors.
Payments & Settlements
Sifma Releases Findings from Regulated Settlement Network PoC
By Editors | 09/12/2024
The findings demonstrated the potential of shared ledger technology to settle tokenised money and securities and address current inefficiencies and operational risks.
CBDCs
BSP Concludes Tests on Streamlining Interbank Payments With CBDC
By Editors | 06/12/2024
The BSP said Project Agila testing found that off-hours transactions can safely be supported by open-source DLT through the Oracle Cloud Infrastructure.
Payments & Settlements
MAS Extends Deadline to Cease Corporate Cheque Processing
By Nithya Subramanian | 05/12/2024
MAS also launched a consultation paper proposing a roadmap to sunset corporate cheques and a transition plan for retail cheques.
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