Asia-Pacific

Four state-owned banks have been asked to help manage Saigon Commercial Bank after it experienced a bank run.

Allowing government securities to trade on the stock market is expected to enhance the demand for fixed income instruments.

The issuance will still need approval from the securities regulator, but it will be the first green bond to list on the Cambodia Securities Exchange.

The guide covers the use of IndONIA in business credit, consumer credit, trade finance, and derivative products, as well as rupiah FRNs.

The law introduces GDPR-like concepts, grants data subjects greater control over their data, and allows penalties up to 2% of annual revenue.

Lenders should assess whether financed projects meet ICMA’s transition finance criteria and align with sectoral pathways identified by government or other globally recognised bodies.

Crypto exchanges will have to post Indonesian citizens resident in the country to at least two-thirds of their board seats.

Central to success is a high level of commitment to a “digital first” strategy, both from the regulatory community and the wider industry.

Banks and NBFIs can issue and invest in green bonds subject to meeting prudential, reporting and disclosure requirements.

The impact of the final rules will be much lower in APAC than in Europe and the US because APAC jurisdictions rely less on internal models, Fitch says.