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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    CBDCs

    BIS Paper Examines Choice Between Retail CBDC, FPS, or Both

    By Editors | 05/12/2024

    The choice depends on the market features, ecosystem, and degree of maturity and innovation of existing payment infrastructures in a country.

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    Emerging Prudential Risks

    FSB Plenary Meets in Hong Kong to Discuss Financial Stability Issues

    By Editors | 05/12/2024

    The Plenary reviewed policy work on climate-related financial risks, crypto-assets and global stablecoins, cross-border payments, and NBFI.

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    PEPs & Sanctions

    BRICS Nations Face ‘100% Tariffs’ if They Move Away from USD

    By Editors | 02/12/2024

    President-elect Trump said the BRICS nations will face “100% Tariffs” if they create a new BRICS currency or back any other currency to replace the US dollar.

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    Trading & Investment

    SEBI to Make Stock Exchanges Interoperable to Guard Against Outages

    By Editors | 02/12/2024

    The NSE and BSE will act as alternative trading venues for each other when a technical glitch or outage occurs at either exchange.

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    PEPs & Sanctions

    Russian Central Bank Intervenes to Support Crashing Ruble

    By Manesh Samtani | 29/11/2024

    The ruble’s sharp fall to levels not seen since March 2022 is attributed to sanctions imposed by the US on Gazprombank.

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    Clearing & Post-Trade

    ASX Targets 2029 Delivery for CHESS Replacement Project

    By Sanday Chongo Kabange | 28/11/2024

    Release 1 (clearing services) will be delivered by 2026 and Release 2 (settlement and subregister services) in 2029.

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    PEPs & Sanctions

    HSBC Stops Processing All Payments Involving Russia, Belarus

    By Editors | 26/11/2024

    Payments involving Russia or Belarus may be held for further review and rejected. Customers are advised to “make alternative arrangements” for such transactions.

    Trading & Investment

    Hong Kong Connectivity With Mainland Set to Increase

    By Manesh Samtani | 25/11/2024

    China Vice-Premier He Lifeng, CSRC Chairman Wu Qing and HKMA Chief Eddie Yue discussed new initiatives at the Global Financial Leaders’ Investment Summit.

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    Structural Regulation

    S. Korea and Poland to Boost Cooperation on Banking

    By Mark Johnston | 20/11/2024

    About 370 Korean companies operate in Poland, but none are financial companies. The MOU will enable Korean banks to expand to Poland.

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    Payments & Settlements

    Australia Sets Out Roadmap for Ending Cheque Use

    By Sanday Chongo Kabange | 19/11/2024

    Cheques will stop being issued by mid-2028 and stop being accepted on 30 September 2029.

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