Asia-Pacific

Members discussed bank resolution regimes, the use of tech to mitigate AML/CTF risk, governance frameworks to reduce misconduct.

Shanghai, Shenzhen exchanges will assist the DSE with trading technology, market cultivation, and product development as part of the USD111.6 million deal.

New law aims to increase competition by allowing non-bank entities to enter credit card business; includes greater safeguards for borrowers related to calculation of charges, unfair collection practices, and the use of customer data.

OJK amended rules for trading in options, doing away with the 10% margin call requirement. The move is expected to stop the flow of options trading to other markets that don't have the requirement.

Blockchain technology is ushering in a new epoch of monetary oversight, creating opportunities and challenges for regulators in a world disrupted by the advent of cryptocurrencies.

Like a wild west cowboy town, Asian crypto-trading has overwhelmed regulatory efforts to control and discourage its growth. But regulatory confusion and misunderstanding have created opportunities and pitfalls.

BOT supports incentives for merged banks including extra deductions for corporate income tax and waivers from other tax obligations.

'Debt Clinic' programme to pooling unsecured bad loans under Sukhumvit Asset Management will expand to an additional 50,000 borrowers.

Deputy chief Arthur Yuen highlighted technological innovation, increased information sharing and the application of a risk-based approach as the key issues to implementing effective AML systems.

Trade-based money laundering is a source of concern for banks, according to a just released survey by the Bangladesh Institute of Bank Management; mis-declaration of pricing and traded goods a key source of money laundering in trade.