Asia-Pacific

The cooperative initiative will focus on the development of financial instruments, project finance, the local debt market, and capital markets.

The database will use financial statements and loan default information held by financial institutions to generate credit scores and better estimate default risk.

The digital currency, known as Bakong, allows users to transfer money using a mobile app by scanning QR codes or inputting the recipient's phone number.

BSEC Executive Director Mohammad Saifur Rahman told Regulation Asia the pre-opening and post-closing sessions will be effective as early as next month.

Experts from Refinitiv, Panarchy Partners and Deep Learning Investments respond to audience questions on due diligence challenges following recent webinar.

The information platform is based on the Luxembourg Green Exchange, and follows the SEC's engagement with the Luxembourg bourse earlier this year.

Some online lenders are using illegally obtained personal data to shame or harass borrowers when they failed to meet their obligations.

The APG says Pakistan has been re-rated from 'partially compliant' to 'compliant' on Recommendation 29 and has made progress on Recommendation 1.

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.

PhilSys will mean wider inclusion in the financial ecosystem for the unbanked, allowing cash aid, credit and other welfare spending to reach them faster.