FMI
Bank Indonesia bolsters FX settlement with Japan and Malaysia
BI continues to promote local currencies in a bid to “reduce dependence on the US dollar”
BIS ‘Project Nexus’ targets 60-second cross-border payments
Project seeks to link up existing fast payment systems, but several hurdles remain
Ethiopia’s central bank launches digital payments strategy
NBE pledges to launch retail real-time payments system and consider charges on cash use
G30 calls for major US Treasury market reform
Rise of non-banks and side-effects of regulation are triggering bouts of “dysfunction”, report warns
Podcast: Payment infrastructure for a digital era
Central Banking speaks to representatives from ACI Worldwide and Mastercard about why collaboration with the private sector is crucial for payment infrastructure in the digital era
RBI bans Mastercard from taking on new customers
Indian central bank sanctions card issuer over failure to store all payments data locally
BoE demands changes at Euroclear after system outage
Central bank takes supervisory action over outage that caused “notable” market disruption
Large global banks sign up to new Swift platform
Payments consortium says new system will facilitate seamless transactions
Malaysia and Thailand launch real-time cross-border payments
Central banks reach milestone for Asean payment connectivity plan
RBA should improve RTGS risk management – internal report
Australian central bank’s payments division says it is concentrating on upgrading cyber resilience
FSB sets targets to tackle cross-border payments issues
Proposals are “foundational step” in G20 initiative to improve global payments
RBNZ gains new FMI oversight powers
Central bank and FMA will be able to set standards for systemically important infrastructures
UAE’s central bank connects RTGS system to Swift tool
New initiative allows participants to monitor progress of transactions in real time
Singapore’s SWF starts work on cross-border payment network
JP Morgan, DBS Bank and Temasek say project will build on collaboration with MAS
MAS and Bank of Thailand connect retail real-time payments
Transaction times will be reduced to minutes as opposed to one to two days, central banks say
BoE broadens access to RTGS with ‘omnibus’ account model
Accounts will allow payment system operators to ‘pool’ client funds for transfers in central bank money
RBI to give some non-banks access to payments systems
Indian central bank to allow non-bank payment service providers to use payments architecture
HKMA and BoJ launch new securities settlement framework
New “delivery versus payment link” aims to reduce settlement risk
Wholesale CBDCs may not fix cross-border frictions – panellists
Policy-makers question whether CBDCs will make international payments faster and cheaper
Bank of Thailand plans overseas PromptPay connections
Central bank aims to connect to retail instant payment systems in other countries
Bank of Israel hails milestone in move to ‘smart payments’
Central bank is pushing transition to EMV payments that allow contactless transactions
BoE to consult on Sonia clearing mandate
Long-dated Sonia swaps set to lose clearing exemption as liquidity shifts from Libor
Saudi Arabia to launch instant payment system in days
New system will go live following successful pilot with Saudi banks – Sama
UK’s New Payment Architecture brings ‘unacceptably high risks’ – regulator
Payments regulator warns new platform may be too costly and could quash competition