Unauthorised persons securing or attempting to secure access to protected systems can be jailed for up to ten years and liable for a fine.
June 22, 2022The RTGS system shall be operated, managed and maintained by the BSP given its recent designation as a systemically important payment system.
May 26, 2022SWIFT will seek to interlink multiple CBDC platforms with existing payment systems, using existing bank messaging standards and authentication models.
May 26, 2022A final report has been issued on extending RTGS operating hours, and another offering a framework for jurisdictions to self-assess payment system access.
May 13, 2022Bangladesh Bank has also recently removed pre-set limits on online money transfers between customers' bank accounts.
May 11, 2022The RBA is seeking assurances on the timely implementation of new NPP services, and asking banks to improve the reliability of the NPP services they already provide.
May 5, 2022A fresh review of the Banking Code of Practice has been launched, covering information disclosure, customers’ finance management, and dispute handling.
April 20, 2022The blueprint contains plans to advance financial sector digitalisation, develop an open data ecosystem, and improve efficiency in cross-border payments.
January 25, 2022Banks should aim to have all their FX trades become eligible for PvP settlement, while also encouraging counterparties to do the same.
January 19, 2022In the second phase of Project Helvetia, a wholesale CBDC was used to test settlement of interbank, monetary policy and cross-border transactions with banking systems.
January 14, 2022