Regulatory initiatives in the payments space are constant, not least because technological developments in this arena keep on coming. The Asia region is no exception – and change is afoot in many geographies, with inevitable impacts on treasury functions. Here, Standard Chartered Bank digs down into current and forthcoming regulations, explaining where treasurers need to pay attention.
From the march towards instant payments and open banking initiatives to the frameworks being put in place around digital assets and CBDCs, the regulatory authorities are responding to significant and ongoing changes in the Asia payments arena. There are a myriad drivers of this change. They include: