Crypto / Digital Assets

Thailand to Allow Scripless Issuance, Tokenisation of Securities

26/02/2019

The National Legislative Assembly has endorsed an amendment that will enable the scripless issuance and tokenisation of primary market securities, as early as this year.

Philippine President to Select New BSP Chief

26/02/2019

Seen as a champion for banking reform and financial inclusion, BSP governor Nestor Espenilla passed away on Saturday after just 18 months on the job.

Securities / Derivatives

Indonesia Unveils New Rules to Boost Capital Market Activity

26/02/2019

Indonesia’s stock exchange plans to encourage retail investment in the stock market by lowering the minimum price floor and order lot size, among other measures.

Capital / Liquidity

Sri Lanka Cuts Bank Reserve Requirements

26/02/2019

To boost credit growth, the Central Bank of Sri Lanka has cut the statutory reserve ratio for commercial banks from 6 to 5 percent, starting in March.

Enforcement

Westpac Faces Class Action for Irresponsible Lending

26/02/2019

Westpac has vowed to fight the claim, saying it takes its responsible lending obligations very seriously. But it could face a multi-million-dollar settlement if other borrowers join the class action.

Fintech / Regtech

UPDATED – S. Korea to Boost Fintech Development with Open Banking

26/02/2019

The FSC plans to make banking APIs more open, accessible and cost-efficient so all nonbank fintech players can access Korea’s payment network.

AML / KYC

AUSTRAC Trials Reporting Automation through Smart Contracts

26/02/2019

The proof of concept project commenced in December 2018 and aims to help reporting entities automate the reporting of international funds transfers to AUSTRAC.

Fintech / Regtech

BSP Streamlines Licensing Process e-Financial Services Firms

25/02/2019

The move is in line with BSP’s reform agenda to promote digital innovation and increase availability of safer and more efficient channels for financial services.

Market Infrastructure

Malaysia to Introduce Technology Risk Policy in June – Report

25/02/2019

BNM plans to introduce its policy on technology risk management in June, providing guidelines for financial institutions to combat the rising incidence of cybercrime.