Central bank instructs commercial lenders to improve staff oversight, upgrade security technology and boost fraud-related information sharing.
Speakers at banking conference call for an immediate solution to Bangladesh’s 10 percent NPL ratio, the highest in the region.
Positive rating action for Military Bank, Vietcombank and Vietinbank reflect improvements in asset quality and declining rates of bad debt.
Securities regulator to propose regulations for initial coin offerings and other forms of cryptocurrency investment.
Other market boosting measures include a stamp duty waiver for stocks, as well as new ETF, ASEAN-centric and derivatives product launches.
Electronic KYC will include digital forms and thumbprint verification; bank can access national identity card database for further verification.
Cryptocurrency exchanges are required to fully identify all customers and monitor for money laundering and terrorist financing activities.
ASEAN CIS framework revised to open greater fund participation between Malaysia, Singapore and Thailand.
BNM proposals resemble Hong Kong’s MiC regime in setting out key responsibilities and requiring appointment and naming of responsible individuals.
Indonesian banks, regulators and financial infrastructure firms invited to register with the tax office under AEOI norms.
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