Cambodia Set To Launch Covid-19 Credit Guarantee Scheme

18/10/2020

A USD 200 million credit guarantee scheme is expected to launch in late October or November, providing a risk-sharing facility for banks to lend to businesses.

AML / KYC

Bangladesh ACC Calls For Tighter KYC Rules for NBFIs

14/10/2020

The Anti-Corruption Commission says some NBFIs and cooperative societies are not collecting detailed customer information through their KYC processes.

Market Infrastructure

BSP Amends Operational Risk Guidelines to Include ‘People Risk’

13/10/2020

The BSP wants banks and NBFIs to embed in their ERM framework measures to identify, measure, monitor, and control human resource related risks.

Crypto / Digital Assets

UK FCA Bans Retail Sale Of Crypto Asset Derivatives

08/10/2020

The ban covers contracts for difference, options, futures and exchange-traded notes referencing crypto assets, and will come into effect on 6 January 2021.

Crypto / Digital Assets

Thailand: SET to Establish Digital Asset Trading Platform

08/10/2020

The new platform will provide new fundraising channels for businesses and create opportunities for investors, as Thailand seeks to develop its digital economy.

Fintech / Regtech

Philippine DOF Push For Joint Cyber Defence Strategy

08/10/2020

State-run financial institutions, pension funds, insurance firms and other government agencies are instructed to establish shared cyber defence strategies.

Fintech / Regtech

PBOC Outlines Progress from Digital Yuan Pilot Tests

07/10/2020

Over 113,300 personal and 8,000 corporate digital wallets have been opened as part of the ongoing DC/EP tests, according to PBOC deputy governor Fan Yifei.

Fintech / Regtech

ECB Starts Preparing for Possible Digital Euro Issuance

06/10/2020

A decision has not been made to introduce a digital euro, but the ECB will commence experimentation to ensure it is prepared if it needs to do so.

Crypto / Digital Assets

Malaysian MSMEs Cross MYR 1bn Crowdfunding Mark

06/10/2020

The SC highlighted a “considerable increase” in investor participation in markets via digital investment managers, ECF and P2P platforms, digital asset exchanges and online brokers.