Other Asia Pacific

Market Infrastructure

US Treasury Labels Vietnam, Switzerland as Currency Manipulators

By Editors | 17/12/2020

Taiwan, Thailand, and India have been added to Treasury’s monitoring list. Singapore intervened in the foreign exchange market in a “sustained, asymmetric manner”.

Press Release

Regulation Asia Awards for Excellence 2020 – Results Announcement

By Editors | 15/12/2020

Regulation Asia held its third annual Awards ceremony on 15 December 2020 to recognise those in the industry that have helped address changing regulatory requirements in Asia Pacific over the past year.

Fintech / Regtech

Improving Operational Resilience: A Priority for the Year Ahead

By David LaFalce | 14/12/2020

DTCC’s David LaFalce highlights the need for firms to remove manual processes, re-evaluate their interconnectedness, and seek out opportunities for industry collaboration.

Big Picture

APAC Overtook US in AML Penalties For 2020: Fenergo

By Editors | 10/12/2020

APAC has overtaken the US in terms of the value of enforcement actions for the first time since 2015, largely due to the Goldman and Westpac cases.

Fintech / Regtech

Philippines: UnionBank, StanChart Complete Bond Tokenisation POC

By Editors | 10/12/2020

A dual tranche issuance totalling PHP 9 billion was mirrored on a bond tokenisation platform co-created by UnionBank and SC Ventures.

CBSL Interest Rate Cap on Housing Loans Need Clarity

By Duruthu E Chandrasekera | 10/12/2020

The interest rate cap is intended for housing loans for salaried employees, but CBSL has not indicated if it will apply to refinance loans.

AML / KYC

Combatting TBML Through Collaboration and Technology

By Henry Roxas | 09/12/2020

R3’s Henry Roxas describes the complexities of trade-based money laundering in Asia and the importance of collaboration to tackle the problem once and for all.

Capital / Liquidity

BOT Eases Rules on Bank Capital to Promote Lending

By Editors | 09/12/2020

The move will increase the levels of capital and liquidity at commercial banks and facilitate lending to businesses and households.

AML / KYC

Philippine SEC Proposes Stronger Rules on Beneficial Ownership

By Editors | 08/12/2020

The SEC is seeking to require the disclosure of beneficial owners, nominators, principals, and nominee arrangements within 10 days from a company’s registration.