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AML / KYC
Bangladesh ACC Calls For Tighter KYC Rules for NBFIs
By Sanday Chongo Kabange | 14/10/2020
The Anti-Corruption Commission says some NBFIs and cooperative societies are not collecting detailed customer information through their KYC processes.
Securities / Derivatives
Sri Lanka SEC to Overhaul Capital Market Rules in Stages
By Duruthu E Chandrasekera | 13/10/2020
“The market has evolved over the past ten years and technology has also raised the bar. There is a need to be in line with the times,” SEC Chairman Viraj Dayaratne told Regulation Asia.
Market Infrastructure
BSP Amends Operational Risk Guidelines to Include ‘People Risk’
By Sanday Chongo Kabange | 13/10/2020
The BSP wants banks and NBFIs to embed in their ERM framework measures to identify, measure, monitor, and control human resource related risks.
Capital / Liquidity
Sri Lanka Drafts Resolution Framework for Banks, Finance Companies
By Duruthu E Chandrasekera | 12/10/2020
The CBSL will have the ability to replace an institution’s management, operate an agent institution and bail out an institution where necessary.
AML / KYC
RegTech Asia 2020: The Evolution of Typologies
By Editors | 12/10/2020
How have financial crime typologies been evolving in recent years, and how are they being used by financial institutions to combat crime?
Securities / Derivatives
Australia to Assist Cambodia in Capital Markets Development
By Editors | 11/10/2020
The Australian government will provide technical assistance to develop a regulatory framework and market capacity for investment in infrastructure.
Fintech / Regtech
BSP Revises Minimum Capital Requirement for Digital Banks
By Manesh Samtani | 08/10/2020
The BSP will no longer consider a distinction between a basic and advance digital bank, according to a revised circular issued for industry review and feedback.
Crypto / Digital Assets
Thailand: SET to Establish Digital Asset Trading Platform
By Sanday Chongo Kabange | 08/10/2020
The new platform will provide new fundraising channels for businesses and create opportunities for investors, as Thailand seeks to develop its digital economy.
Fintech / Regtech
Philippine DOF Push For Joint Cyber Defence Strategy
By Sanday Chongo Kabange | 08/10/2020
State-run financial institutions, pension funds, insurance firms and other government agencies are instructed to establish shared cyber defence strategies.
Fintech / Regtech
BOT Issues $1.6bn in Government Savings Bonds on Blockchain
By Editors | 07/10/2020
Leveraging IBM blockchain technology, Bank of Thailand’s platform reduces a process that previously took 15 days to two days.
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