A 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, 2022Project CBDCPh will test the use of a wholesale CBDC for large-value financial transactions across a limited number of financial institutions.
April 28, 2022From 2025 onwards, adherence to the Code will become a prerequisite for the BOT’s foreign exchange counterparties.
February 8, 2022Banks should aim to have all their FX trades become eligible for PvP settlement, while also encouraging counterparties to do the same.
January 19, 2022Banks are expected to review their practices to ensure observance of the FX Global Code and renew the Statement of Commitment by 15 July 2022.
December 21, 2021The implementation of retail FPS across the globe has risen from under a dozen jurisdictions in 2010 to around 60 in 2021.
December 15, 2021CLS operates the largest multi-currency cash settlement service in the world, and addresses the most significant risk in the FX market – settlement risk.
December 10, 2021CPMI proposes to align RTGS operating hours so they can be used for cheaper, faster, and safer cross-border payments.
November 19, 2021To support T+1 settlement, FPIs and their service providers would need to completely re-engineer the settlement and funding process, ICI says in a letter to SEBI.
October 25, 2021ASIFMA, Asia TraderForum and The Investment Association have issued an open letter on behalf of FPIs asking SEBI to delay implementation of T+1 settlement.
September 30, 2021