Proposed bill will limit cash payments by corporations and individuals to a maximum of IDR100 million, or USD7,200.
Asia Pacific firms take over 16 months to detect breaches, compared to over three months globally; over 35 months if breaches detected by external parties.
TFEX to accept government and BOT issued bonds and equities underlying stock futures initially, in a move expected to ease trading and lower costs for investors.
BSP governor laid out the central bank’s regulatory priorities in fintech and regtech while revealing regulation around AML/KYC requirements and mitigating the risks surrounding data security.
Last week’s sovereign rating upgrade reflects the Indonesian government’s capacity to provide support in times of stress, particularly for systemically important institutions.
Central bank concerned up to 32,000 people have been defrauded; Prime Minister urges regulators to ‘toughen management’ of cryptocurrency activity.
Licensed finance companies are required to enter into agreement with reputed credit agencies to obtain ratings by 30 April.
Ex head of equity markets at Malaysia’s largest bank also fined $250,000 for offences which occurred more than 10 years ago.
Moody's says loan growth outpaces capital growth at Philippine banks as strong macroeconomic conditions increase credit demand; banks require external capital raising to improve capital ratios.
New rules reduce reserve requirements, simplify foreign currency deposit rules and allow banks to use their liquidity buffers to raise funding in repo transactions.