Other Asia Pacific

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.

Fintech / Regtech

Singapore, Thailand to Enable Instant Payments Link by Mid 2021

By Manesh Samtani | 08/12/2020

Described as “the first-of-its-kind in the world”, the link will enable instant money transfers between Singapore’s PayNow and Thailand’s PromptPay.

Capital / Liquidity

Addressing Credit Risk Uncertainty Through Collateral & Data

By Editors | 08/12/2020

Panellists at a recent Regulation Asia webinar highlighted the importance of sound collateral management and data practices to manage loan loss uncertainty in the year ahead.

Capital / Liquidity

BSP Deputy Governor Outlines Key Priorities for the Year Ahead

By Manesh Samtani | 07/12/2020

Deputy Governor Chuchi Fonacier spoke to Regulation Asia about planned measures to promote digital payments, help MSMEs, and further strengthen the banking sector.

Securities / Derivatives

Ho Chi Minh Bourse to Raise Minimum Board Lot Tenfold

By Sanday Chongo Kabange | 03/12/2020

HoSE plans to allow two weeks for modifications to trading systems, one week for testing, and implementation in January 2021.

AML / KYC

North Korea Executes Currency Trader in FX Crackdown: Report

By Editors | 30/11/2020

North Korea is tightening controls over its economy and the use of foreign currency, amid a near 20% appreciation of the won over the US dollar in recent months.

Securities / Derivatives

TFEX Announces Launch of Japanese Rubber Futures Contract

By Editors | 29/11/2020

The cash-settled rubber futures contract will use the Osaka Exchange’s RSS3 futures delivery prices as settlement prices on the Thailand Futures Exchange.

Capital / Liquidity

BSP Issues Draft Rules for Islamic Bank Liquidity Management

By Editors | 29/11/2020

Due to the limited availability of liquidity management instruments which are appropriate for Islamic banks and banking units, the BSP will adopt a flexible approach to compliance.

Market Infrastructure

Indonesia Prepares to Launch Sovereign Wealth Fund

By Manesh Samtani | 29/11/2020

Indonesia will need to pay particular attention to the governance of the new fund, as Malaysia’s 1MDB scandal still looms large in the minds of global investors.