Asia-Pacific

The report includes nine proposed leading principles for regulation of outsourcing to help securities, futures and banking intermediaries navigate different regulatory landscapes in Asia-Pacific.

Officials say any equity, corporate bond, derivative or open-end mutual fund can be traded on the new platform, with no capital or disclosure requirements.

BOT looking at blockchain applications for document authentication, cross-border payments and regional connectivity; Bond Market Association working to release a bond settlement token.

Sri Lanka's “weak economic environment” and regulatory reforms may impact banks’ operating environment and credit profiles, says ratings agency Fitch.

Fintech firms will be required to register with the OJK and periodically submit financial reports; new rules will cover P2P lending, insurance technology and equity crowdfunding.

The SEC is consulting on allowing debt instruments, government securities, and mutual fund units as collateral for margin accounts at securities firms.

In a report by Fitch unit BMI Research, large banks in the Philippines may need to increase deposit taking and reduce long-term loans as a result of increased funding costs brought on by the new NSFR framework.

At the RISE conference in Hong Kong this week, industry participants called for regulation in the crypto sector "earlier rather than later", to avoid backlash which could set the industry back.

Virtual Currency Philippines and Etranss accredited by the BSP bringing the total number of virtual currency exchanges in the Philippines to five.

Under a new law due to take effect from 1 August, resident foreigners will be able to invest in up to 35% of the share capital of YSX-listed companies.