Asia-Pacific

Neil Murphy talks to Regulation Asia about how prepared phase 5 and 6 firms are for compliance and how TriOptima is easing the burden through automation.

Six measures have been announced, including lower interest rates, credit restructuring benefits and relief for Covid-19 patients.

Non-residents who invest in debt securities in Thailand are required to open Segregated Securities Accounts with custodians at the UBO level.

The experience requirement for auditors in the capital markets has been reduced from a minimum of 10 years to seven years.

Bitkub has been allowed to resume accepting new clients. A warning was issued against Binance. Huobi was ordered to suspend services.

The CBSL should play a more active role in facilitating the transition in Sri Lanka, says Lalinda Sugathadasa, Head of Research at ICRA Lanka.

New transactions based on THBFIX including loans, bonds, and structures notes must stop from 1 July 2021.

HoSE will use all available resources to accelerate implementation and make the new system operational within this year.

Overseas Filipino Bank, formed as a policy bank to provide services to overseas Filipinos, has been granted a digital banking licence.

Banks were asked to carry out all transactions from 10am to 12.30pm during the lockdown and to only keep branches open until 2pm.