Other Asia Pacific

ESG / Sustainability

SET Launches ESG Development Services for Listed Companies

By Editors | 28/09/2020

The sustainability-related data and services are being provided through SETLink, the SET’s online information disclosure platform.

BSP to Impose 24pc Ceiling on Credit Card Interest

By Editors | 27/09/2020

Effective from 3 November, credit card issuers can charge a maximum 2% per month on unpaid outstanding credit card balances.

Bangladesh Bank Orders Banks to Cap Credit Card Interest

By Editors | 26/09/2020

Banks are charging customers between 25 and 27 percent in interest on credit card debt, in violation of regulations, Bangladesh Bank said.

Thailand: BOT to Revamp Banks’ Reporting Requirements

By Editors | 26/09/2020

The reforms will reduce data processing steps for financial institutions and the costs associated with reporting, while increasing reporting efficiency.

Securities / Derivatives

BSP Approves Sale of Unit Investment Trust Funds via Third Parties

By Editors | 26/09/2020

New rule amendments allow trust corporations to offer their investment products through third-party distributors, including individual and institutional agents.

Securities / Derivatives

Philippine Bourse Proposes to Ease Listing Rules

By Sanday Chongo Kabange | 26/09/2020

The minimum cap requirement for the Main Board is being removed in favour of a net income requirement. The criteria for the SME Board are also being relaxed.

Fintech / Regtech

Korea, Thailand Sign MoU on Financial Services Regulation

By Sanday Chongo Kabange | 25/09/2020

The agreement will help enhance supervisory efficiency and promote innovation through experience sharing, technical assistance and exchange of information.

Securities / Derivatives

Sri Lanka SEC to Procure New Surveillance System

By Duruthu E Chandrasekera | 24/09/2020

The SEC is planning to hire a consultant to assess its existing surveillance system and make recommendations on procuring a new system.

AML / KYC

FinCEN Files: Philippine Money Remitters Named in SARs

By Manesh Samtani | 23/09/2020

Philrem and Werquick used local banks to wire funds for unidentified customers without identifying source of funds, the true beneficiary, or the purpose of the transactions.