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Fintech / Regtech
Philippine SEC Launches New Online Payments System
By Editors | 13/03/2021
The ‘SEC Payment Portal’ allows for the payment of registration fees, penalties and other fees using other cashless payment options.
AML / KYC
Bangladesh Officials Confirm Use of Bitcoin to Finance Terrorism
By Editors | 13/03/2021
Two arrested militants have reportedly confessed to receiving funds through Bitcoin from extremist groups since 2014.
OJK Signs Cooperation Agreements With AMDB, OECD
By Sanday Chongo Kabange | 13/03/2021
The agreement with AMDB will enhance cooperation including in the supervision of financial institutions in Indonesia and Brunei.
Fintech / Regtech
BOT Unveils Results of ‘CBDC for Business’ Project
By Ranamita Chakraborty | 11/03/2021
The BOT found that DLT increases efficiency for B2B payments, despite limitations in supporting large transaction volumes and preserving transaction privacy.
Big Picture
The ESG Interview: Asia Plots its Own Path
By ESG Investor | 11/03/2021
Mercer’s Alexis Cheang sees parallels and differences in the approaches of the region’s asset owners and policy-makers.
Securities / Derivatives
Bangladesh Amends Listing Rules to Appease Retail Investors
By Ranamita Chakraborty | 11/03/2021
BSEC is proposing revisions to the listing rules to make the capital market more attractive for individual investors.
Sanctions
Myanmar Banks Fail to Resume Operations Despite CBM Order
By Ranamita Chakraborty | 11/03/2021
The banking sector is not fully operational due to staff shortages as employees take part in nationwide protests against the military government.
BSP Advocates Passage of New Consumer Protection Law
By Ranamita Chakraborty | 09/03/2021
The proposed law will allow financial regulators to issue consumer protection rules, conduct market surveillance and examination, and adjudicate complaints.
Big Picture
PwC Offers ESG Risk Management Recommendations for Banks
By Manesh Samtani | 09/03/2021
Banks need to adopt training and change management programmes to ensure employees embrace ESG risk management as a requirement and discipline.
Capital / Liquidity
BSP Issues Draft Guidelines on New ‘Bad Bank’ Law
By Ranamita Chakraborty | 09/03/2021
Banks can stagger the booking of losses from the discounted sale of NPAs to FIST corporations over five years, provided proper disclosures are made.
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