Joint venture between banks association and Singapore-based ACB Holdings to establish credit bureau will enable banks to better assess loan risks.
Cryptocurrencies now defined as digital assets, granting the SEC powers to regulate; exchanges have 90 days to register with SEC.
New unit established under financial supervision section as part of an organisational restructuring at the central bank.
Members discussed bank resolution regimes, the use of tech to mitigate AML/CTF risk, governance frameworks to reduce misconduct.
Shanghai, Shenzhen exchanges will assist the DSE with trading technology, market cultivation, and product development as part of the USD111.6 million deal.
New law aims to increase competition by allowing non-bank entities to enter credit card business; includes greater safeguards for borrowers related to calculation of charges, unfair collection practices, and the use of customer data.
OJK amended rules for trading in options, doing away with the 10% margin call requirement. The move is expected to stop the flow of options trading to other markets that don't have the requirement.
Blockchain technology is ushering in a new epoch of monetary oversight, creating opportunities and challenges for regulators in a world disrupted by the advent of cryptocurrencies.
Like a wild west cowboy town, Asian crypto-trading has overwhelmed regulatory efforts to control and discourage its growth. But regulatory confusion and misunderstanding have created opportunities and pitfalls.
BOT supports incentives for merged banks including extra deductions for corporate income tax and waivers from other tax obligations.
Loading more posts...
Sorry, no more posts
No more pages to load