Asia-Pacific

Every $1 lost to fraud costs organisations an average of $3.99 in APAC, and around $6.33 for digital banks and alternative lenders, LexisNexis Risk Solutions finds.

NBC intends to use the new KHQR system to facilitate cross-border payments within the region in future.

Environmental and social impact assessments will have to be arranged by borrowers and submitted with their loan applications.

Banks may not lend importers funds to meet the 100 percent LC margin requirement, which applies to a broad range of luxury imports.

The DSE and CSE were instructed to consolidate their online data gathering, information submission and dissemination platforms into a single integrated platform.

Under draft regulations, clearing banks will have to complete payment and securities settlement between 11.30am and 12.30pm on T+2.

The government will provide amnesty for those that choose to repatriate their offshore assets to Bangladesh and pay a 7% tax.

Binance signed an MoU with Cambodia's securities regulator to support the development of a legal framework for regulating digital asset businesses.

Sri Lanka’s prime minister Ranil Wickremesinghe expects to have a debt restructuring agreement with the IMF in place by late July.

Central banks from China, Hong Kong, Singapore, Malaysia, Indonesia and Chile are creating a reserve pool to guard against market stresses.