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Securities / Derivatives
BSP Lowers Minimum Balance for Investment Management Accounts
By Editors | 11/02/2021
BSP Governor Benjamin Diokno said the revised regulations are aimed at expanding investment opportunities for the public.
AML / KYC
BSP Warns Banks Against Unlicensed Gaming Operators
By Editors | 11/02/2021
FIs should ensure they have robust risk management and due diligence frameworks in place to prevent transactions with illegal online gambling operators.
AML / KYC
US Imposes Sanctions Against Myanmar Military Leaders
By Editors | 10/02/2021
Joe Biden has approved a new executive order enabling the US to immediately sanction the military leaders who directed the 1 February coup in Myanmar.
Securities / Derivatives
Philippines to Launch Short Selling Upon Resolution of SBL Issues
By Ranamita Chakraborty | 10/02/2021
The Philippines Stock Exchange will launch short selling once issues related to securities borrowing and lending are resolved, president Ramon Monzon.
AML / KYC
Philippine SEC Tightens Rules on Beneficial Ownership of Shares
By Ranamita Chakraborty | 09/02/2021
New guidelines will require the disclosure of the identity of the beneficial owners of shares and prohibit the issuance of bearer shares.
Bangladesh Bank Ends Moratorium on Loan Repayments
By Duruthu E Chandrasekera | 09/02/2021
Coupled with the weaker debt repayment capacity of borrowers, Moody’s expects the move to cause a systemwide increase in the NPL ratio.
Crypto / Digital Assets
SEC Thailand Orders Crypto Exchange to Suspend Client Onboarding
By Ranamita Chakraborty | 08/02/2021
Bitkub needs to address five major issues before it can resume onboarding new clients, after high volume trading disrupted its systems in January.
Market Infrastructure
Cambodia Officially Launches New Retail Payments System
By Ranamita Chakraborty | 05/02/2021
The development of the new system, known as Retail Pay, was backed by a $8mn grant from the Korea International Cooperation Agency.
Indonesia Completes Merger of Three State Owned Banks
By Ranamita Chakraborty | 04/02/2021
With total assets of over $17bn, Bank Syariah Indonesia is now one of the largest sharia banks in the country.
AML / KYC
Philippines Enacts AML Amendments to Avoid FATF Grey List
By Ranamita Chakraborty | 04/02/2021
Offshore gaming operators, their service providers, real estate developers and brokers have been brought into scope as covered entities.
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