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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.
Fintech / Regtech
BSP to Draft Data Governance Policy for Financial Institutions
By Editors | 22/02/2021
The new regulatory framework will guide banks and other financial institutions on how they use and handle electronic information that they collect from customers.
Crypto / Digital Assets
SEC Thailand Considers New Qualifications for Retail Crypto Investors
By Sanday Chongo Kabange | 22/02/2021
The SEC is considering the introduction of screening criteria for retail crypto investors which could include age, trading experience and wealth.
Fintech / Regtech
Sea Group to Establish Digital Banking Operations in Indonesia
By Ranamita Chakraborty | 22/02/2021
Sea Group’s e-commerce arm Shopee plans to turn a newly acquired Indonesian bank into a digital bank. OJK is meanwhile preparing new regulations for digital banks.
AML / KYC
UK, Canada Impose Sanctions Against Myanmar Officials
By Manesh Samtani | 21/02/2021
Human Rights Watch is calling for economic sanctions, travel bans and asset freezes for leaders of Myanmar’s military, military business conglomerates and the new governing body.
AML / KYC
BSP Adopts New AML/CFT Risk Assessment Framework
By Ranamita Chakraborty | 18/02/2021
The new framework will use a four-point rating scale to grade FIs based on their inherent risks, risk management capabilities and self-assessment systems.
Capital / Liquidity
Philippine President Duterte Signs ‘Bad Bank’ Bill Into Law
By Editors | 17/02/2021
The law will help cushion lenders from a build-up of bad loans due to the Covid-19 crisis, allowing them to dispose of bad assets and keep the banking system stable.
Securities / Derivatives
Bangladesh to Launch New Interbank Money Market Platform
By Editors | 17/02/2021
The platform will help to promote more efficient liquidity movements among conventional banks and NBFIs, said a Bangladesh Bank official.
Securities / Derivatives
SEC Thailand Consults on New Rules for Auditors, Audit Firms
By Sanday Chongo Kabange | 17/02/2021
The SEC proposes new rules on the reporting of suspected fraud identified in audits, and to lower entry requirements for auditors in the capital markets.
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