Asset managers like BlackRock and Vanguard, along with investment banks, have banded together to ask clearing houses to create larger safety buffers and more stringent standards to help stave off potential future trading losses. The Financial Times is reporting that a group of nine banks...
The U.K.’s Clearing House Automated Payments System (CHAPS) is forecasting growth over the next decade. In a report published Wednesday (Oct. 11), CHAPS said it is planning on payment volumes hitting 43.5 million transactions in 2026, fueled by the system’s efforts to develop more specialized...
Last week was a tough one for U.K. Prime Minister Theresa May, who had to contend with a sore throat and a prank in the middle of her speech at a conference. But, optics aside, she said in reference to Brexit that “we will find...
Legislation expected to be introduced in May 2018 will require U.K. clearing houses to complete regular cybersecurity reports, moving regulation closer to current EU directives around critical financial market infrastructure, including the Network and Information Security (NIS) Directive. Finextra reported the EU’s Directive allows each...
September 06, 2023
The RTP network topped 1 million payments on a single day: Sept. 1. This accomplishment highlights the growing adoption of real-time payments and the benefits they bring to financial institutions and their customers, The Clearing House, which operates the instant payments system, said in a Wednesday (Sept. 6) press release. Real-time payments provide numerous advantages, including immediate […]
October 24, 2019
Asset managers like BlackRock and Vanguard, along with investment banks, have banded together to ask clearing houses to create larger safety buffers and more stringent standards to help stave off...
August 25, 2017
Legislation expected to be introduced in May 2018 will require U.K. clearing houses to complete regular cybersecurity reports, moving regulation closer to current EU directives around critical financial market infrastructure,...
August 10, 2017
The People’s Bank of China (PBoC) has ordered all online payment companies to channel mobile payments through a new clearing house by next June, which could have an impact on the...
