Thailand

Under revised rules, market participants are required to and enhance cybersecurity control measures, vulnerability assessments, penetration testing and third-party access controls.

The operation was used to test a new worldwide stop-payment mechanism which Interpol plans to fully embed in police communication channels next year.

The proposed ban is aimed at preventing the misuse of digital assets as a tool to commit crime, the SEC said.

The measures enable borrowers to transfer retail and mortgage loans between different lenders for consolidation and refinancing.

Market forces alone will not be sufficient for Thailand to tackle carbon emissions and achieve net-zero, says Pongnut Thanaboonchai.

The BOT has instructed banks to control the quality of their insurance sale practices, saying it is ready to implement "more intense" regulatory measures.

By mid-2022, the total notional outstanding of THBFIX derivatives maturing after 2025 should be reduced by 50 percent compared to end-June 2021 figures.

The Asian fintech scene witnessed a raft of new announcements at this year's Singapore Fintech Festival held from 8-12 November 2021.

The BSP has been in dialogue with ASEAN central banks including MAS, BNM and BOT to make cross-border payment flows cheaper and more seamless.

Banks will no longer be required to cap their dividends at the previous year's payout ratio. However, they will still have a limit set at 50 percent of 2021 net profit.