Indonesian central bank says ‘financial innovation’ requires pre-approval; State Bank of Vietnam to pass law outlawing virtual currencies next year.
Central bank governor says rules will be relaxed so inbound investment, private sector foreign currency borrowing require reporting, not registration.
Why fintech (financial technology) sandboxes aren’t necessarily the child’s play they’ve been made out to be by banks and disrupters alike.
Current 20% RRR is one of the highest in the world; capital market development to focus on fixed income and repo markets.
Why supporting supply chain activity could be a regulatory and reputational minefield for banks.
Banking integration framework will allow cross-border operation by lenders from 10 Southeast Asian nations, BSP official confirms.
Central bank moves to improve ethics within the industry, will require banks to introduce minimum conduct standards and policy.
Fifteen banks in Thailand have set up a group to tackle information technology stability and security and prepare for cyber-attacks.
Bank Negara Malaysia governor says it has shared the names of more than 400 individuals with banks in the country over the past three months.
Banks will be urged to enhance due diligence and do more to protect data confidentiality as BNM cites risks from outsourcing to shared services.