Other Asia Pacific

Fintech / Regtech

RegTech Asia 2020: LIBOR Transition Progress

By Editors | 14/10/2020

How has LIBOR transition been progressing in Asia Pacific, and how is technology helping to facilitate transition efforts?

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.