Thailand’s banks will offer basic accounts that exempt senior citizens and welfare recipients from entry fees, annual charges and minimum deposit requirements.
Optimising settlement and moving beyond T+2 will enable firms to reduce capital requirements, systemic risk and operational costs while preserving resiliency of existing infrastructure.
BOT looking at blockchain applications for document authentication, cross-border payments and regional connectivity; Bond Market Association working to release a bond settlement token.
The SEC is consulting on allowing debt instruments, government securities, and mutual fund units as collateral for margin accounts at securities firms.
New framework will task companies known as ICO portals with screening issuers and cap retail investment in ICO projects, starting from 16 July.
Security companies in Thailand are looking to join hands in setting up a crypto exchange, believing customers will prefer trading with known securities businesses.
BOT and Japan FSA agreement sets out process they will follow to foster greater cooperation for information sharing, on-site visits, supervisory colleges and crisis management.
S&P Global Ratings cites economic activity, fiscal policy, low credit risks, stringent regulation and favourable operating environment for well-capitalised banks.
Korean cabinet approves amendments to its capital markets law to allow funds passporting between the five signatory countries; FSC to begin making preparations for scheme launch in 2019.
Financial institutions are at risk from the inherently opaque nature of cryptocurrency transactions, and require robust compliance programs to mitigating legal, financial, reputational, and regulatory risks.
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