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Market Infrastructure
Philippines to Establish Facility for Catastrophe Risk Sharing
By Editors | 28/02/2021
Domestic insurers that provide catastrophe risk coverage currently reinsure their risks overseas. The new facility will enable insurers to pool risk and resources domestically.
AML / KYC
Philippine AMLC Sets Deadline for Newly Covered Entities to Register
By Ranamita Chakraborty | 27/02/2021
Real estate developers and brokers, as well as offshore gaming operators and their service providers, have to register with the AMLC’s electronic reporting system by 16 March.
Market Infrastructure
BOT to Issue First THOR-linked Floating Rate Bond in March
By Editors | 26/02/2021
Institutional investors such as commercial banks, mutual funds, and insurance companies will be allowed to participate in the auction.
Capital / Liquidity
Thailand to Introduce IFRS 9 Equivalent Standards for SFIs
By Editors | 25/02/2021
The BOT has conducted a public hearing on accounting standards for specialised financial institutions, which are tasked with serving government policies.
Fintech / Regtech
OJK Indonesia Urges Rural Banks to Digitalise Operations
By Editors | 25/02/2021
Efforts to digitalise are aimed at improving financial inclusion for ‘micro-entrepreneurs’ and other members of the unbanked or underbanked population in Indonesia.
Capital / Liquidity
Philippine SEC Issues Implementing Rules for ‘Bad Bank’ Law
By Editors | 25/02/2021
The implementing rules cover the creation of so-called ‘FIST corporations’, as well as the processes they will use to acquire, transfer and manage non-performing assets.
AML / KYC
Financial Crime Challenges and Opportunities for the Year Ahead
By Editors | 24/02/2021
Financial crime compliance experts Radish Singh, Richard Carrick, Oonagh van den Berg and Michael Meadon discuss challenges and opportunities for the year ahead.
2021 Will Demand a Different Culture of Compliance
By Quincy Tse | 24/02/2021
Quincy Tse discusses how firms can cultivate and promote a culture of compliance even as remote work arrangements continue to be commonplace.
Big Picture
More Than Half of Asian Investor Group Mull Net Zero by 2050
By ESG Investor | 24/02/2021
Survey results from the Asia Investor Group on Climate Change suggest that growing appetite is being blocked by lack of investable opportunities.
AML / KYC
OJK to Require P2P Lenders to Report Transactions From 1 April
By Editors | 23/02/2021
The move is aimed at preventing the P2P lenders from being used for money laundering and terrorism financing, said OJK Deputy Director Munawar.
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