Asia-Pacific

Vietnam to phase in IFRS standards starting this year until 2020 through the adoption of ten to twenty standards deemed appropriate for implementation.

The code aims to instil core minimum standards of conduct, enhance confidence, promote sustainability across financial sector by promoting strong culture of professionalism.

The 100 basis point RRR reduction is expected to help facilitate healthy price discovery on the cost of funds in the financial system.

Securities regulator approves directive establishing conditions and procedures to follow for licensing and the legal obligations for collective investment schemes.

BNM has operationalised segregated securities accounts for resident and non-resident investors in RENTAS debt securities using LEIs to identify transacting parties.

Regulation Asia sat down with Sagar Sarbhai, Head of Government and Regulatory Relations for APAC and the Middle East at Ripple, to discuss the company’s business proposition and the regulatory challenges it faces across the region.

Fintech lenders will be compelled to be registered with OJK; unregistered firms will be unable to tap financial markets or raise funds from banks.

Joint venture between banks association and Singapore-based ACB Holdings to establish credit bureau will enable banks to better assess loan risks.

New unit established under financial supervision section as part of an organisational restructuring at the central bank.