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Bank of Canada · 6d

Regulatory oversight of designated clearing and settlement systems

Under the Payment Clearing and Settlement Act, the Bank is responsible for the oversight of FMIs that have the potential to pose systemic or payments system risk. These include three types of designated FMIs: payments systems (PSs) – which facilitate the ...

USA TODAY on MSN.com · 5d

Refund checks will be sent to people 'harmed' by Publishers Clearing House: FTC

The FTC announced that Publishers Clearing House has agreed to pay $18.5 million to customers who were “harmed" by the company.

World Bank · Jan 19, 2023

Payment Systems

Globally, WBG partners include, among others regional development banks; standard setters such as the Bank for International Settlements (BIS), particularly the Committee on Payments and Market Infrastructures; the International Organization of Securities ...

Cryptopolitan on MSN.com · 6d

Singapore Gulf Bank launches clearing network for digital asset firms

Singapore Gulf Bank, a digital bank licensed by the Central Bank of Bahrain, launched a real-time currency clearing network designed to support digital asset firms. On May 1, the bank launched SGB Net,

Yahoo Finance · 12d

Truist first bank to begin revolutionizing bill pay with alias-based request for payment via the RTP® network

Truist Financial Corporation (NYSE: TFC) today announced the successful completion of the initial testing phase of an innovative alias-based bill payment solution that leverages The Clearing House's RTP® network and Request for Payment (RfP) platform.

Bloomberg · 11d

Two Ex-Wells Fargo Auditors Reach Settlement With Bank Regulator

A key US banking regulator unveiled settlements with two former Wells Fargo & Co. auditors who were alleged to have ties to the bank’s systemic sales-practice misconduct, according to a statement Friday.

Bank of Canada · Mar 14, 2025

Stress testing central counterparties for resolution planning

The Payment Clearing and Settlement Act requires that the Bank of Canada develop a resolution plan for each domestic designated financial market infrastructure (FMI).1 In early 2024, the Bank completed its first resolution plan for a designated Canadian FMI.

MSN · Jan 13, 2025

Banking Circle signs deal to buy Australian Settlements Limited

Luxembourg-based payment bank Banking Circle has agreed to ... Circle’s vision to set up a global hub for real-time clearing and settlement, expediting its Australian expansion.

Bloomberg · 26d

TD’s Laundering Settlement ‘Darkest Day’ for Bank, Chair Says

Toronto-Dominion Bank experienced the “darkest day” in its 170-year history when it reached a $3.1 billion settlement over the company’s failure to catch and stop money laundering at numerous US branches,

The Australian Financial Review · 27d

Revealed: RBA’s scathing warning it has ‘lost confidence’ in ASX

underpins settlement and clearing of all trades, and has been plagued by problems. “The ASX needs to significantly uplift its risk management culture. Over time, the bank has steadily lost ...