All posts tagged "Payment Systems"
-
439Asia-PacificIndonesia Has Adopted Measures to Implement PFMI: CPMI-IOSCO
Since the 2019 update, Indonesia and Saudi Arabia have finished adopting measures that will enable them to implement the PFMIs for all financial market infrastructure types.
April 9, 2020 -
522InternationalCross-border Payments Front and Center in BIS Quarterly Review
The BIS is exploring how to solve key shortcomings related to access and cross-border payments, including to address the global decline in correspondent banking.
March 3, 2020 -
328IndiaRBI Proposes Authorisation of New Retail Payment Systems
The draft framework is said to be aimed at addressing concerns that the NPCI has become ‘too big to fail’ and presents increased concentration risk.
February 13, 2020 -
494Asia-PacificPhilippines, Indonesia Sign MOU on Payments, Digital Innovation
The MOU aims to provide a framework for closer cooperation between the Philippine and Indonesian central banks to achieve enhance their payment systems and promote digital financial innovation.
February 4, 2020 -
191InternationalCPMI, IOSCO Share Lessons of Supervisory Cooperation on Market Infrastructures
Among the key features of successful cooperative arrangements are strong, trusted relationships between authorities and a willingness to exchange information.
December 12, 2019 -
408Asia-PacificBSP Streamlines Rules for Payment System Operators
The Philippine central bank has simplified the registration process for payment system operators, and created a new consolidated manual of regulations to facilitate compliance.
October 3, 2019 -
422Australia & NZRBNZ Consults on New Regulatory Regime for FMIs
The RBNZ is consulting on a draft bill that sets out New Zealand's new regulatory regime for financial market infrastructures.
August 7, 2019 -
685Big PictureSingapore Can Withstand Severe Adverse Shocks: IMF
The IMF says Singapore's financial system would continue to be resilient even under very adverse scenarios, but that foreign currency liquidity risk needs to be addressed.
July 17, 2019 -
572Asia-Pacific
BSP Issues Draft Rules for Implementing National Payment Systems Act
The Philippine central bank has issued a draft circular to support its new mandate as the primary regulator for the country’s payment systems.
April 26, 2019 -
992FeatureMAS Proposes Payment Services Regulations for Consultation
To effect the objectives of the Payment Services Act passed in January, MAS intends to prescribe new regulations for payment services licensees and significant payment systems.
April 12, 2019
