Other Asia Pacific

Payments & Settlements

BSP Seeks Interoperability, Unified Standard in Payments

By Sanday Chongo Kabange | 21/11/2020

BSP governor Benjamin Diokno envisions that payment facilities operated by individual banks and payment firms will operate under a single standard.

Trading & Investment

Sri Lanka Budget Offers Boost to Capital Markets, Banking Sector

By Duruthu E Chandrasekera | 19/11/2020

The government has proposed tax incentives for newly-listed companies and investment in REITs, in addition to proposals to strengthen the banking sector.

Trading & Investment

APLMA Seeks Consensus on SOFR-based Loan Facilities in APAC

By Manesh Samtani | 19/11/2020

New discussion drafts cover the use of SOFR for USD loan facilities in APAC, one using the compounded average approach and the other based on Daily Simple SOFR.

Reporting & Disclosures

Thailand Proposes Compulsory ESG Training for Capital Market Personnel

By Sanday Chongo Kabange | 19/11/2020

Investment consultants and fund managers, among others, would be required to undergo a mandatory training module covering ESG at licence renewal.

Climate Risk

ASEAN Central Banks Endorse Collective Approach to Climate Risk

By Shruti Khairnar | 18/11/2020

A new report offers a set of non-binding recommendations to promote a unified ASEAN approach towards managing climate and environment-related risks.

Structural Regulation

Thailand to Stop Issuing THBFIX Loans, Debt from July 2021

By Editors | 17/11/2020

All financial institutions will stop offering new loans and debt securities which reference THBFIX from 1 July 2021, Bank of Thailand says.

Supervision & Enforcement

IMF Calls for Amendments to Philippine Bank Secrecy Laws

By Editors | 17/11/2020

The BSP should be granted “unimpaired access” to information on all customer accounts and the ability to employ and share depositor information for any prudential purpose.

Anti-Money Laundering

Philippine SEC Assesses Risk of Non-Profit Organisation Sector

By Editors | 17/11/2020

Based on the risk assessment, the SEC will implement “the most appropriate mitigation measures” to manage money laundering and terrorist financing risks.

Data Privacy

BSP, MAS Declare Opposition to Data Localisation Requirements

By Editors | 16/11/2020

Data mobility in financial services supports economic growth, innovative financial services, risk management and compliance, BSP and MAS say in a joint statement.