Asia-Pacific

Stock transaction tax increased 20% from 1 January 2018; change in timeline took exchange by surprise.

Centralising counterparty risk at a clearinghouse will make derivative products offered by Indonesian financial institutions more competitive.

Indonesian financial regulator will take over arranging, developing and managing credit information systems from central bank.

Although foreign software costs more and regulatory change cannot be adopted instantly, banks prefer them for their functionality and flexibility.

Central bank gives financial institutions two years to meet new risk management expectations.

Securities Commission invites proposals from parties interested in participating in regulatory sandbox sessions under its innovation lab.

Loans not guaranteed by public sector entity now only need to be registered; Documentary requirements relaxed.

New guidelines introduce additional disclosure and reporting requirements for SRI-designated funds.

Central banks commit to fostering information exchange and cooperation in areas of licensing, on-site examinations, supervisory colleges, crisis management.

Survey of Bangladesh banks finds two thirds face financial crime; general banking, credit, IT most vulnerable.