Other Asia Pacific

    BOT Enhances Fair Service Rules for Banks, Asset Managers

    By Editors | 17/09/2020

    Besides banks and their subsidiaries, the rules have been extended to cover also asset managers and nanofinance operators.

    Big Picture

    Cross-border Real Estate Investors Raise APAC Financial Stability Risk

    By Manesh Samtani | 16/09/2020

    Global investors amplify volatility in commercial real estate markets, a phenomenon that has been pronounced during the Covid-19 shock, the BIS says.

    Fintech / Regtech

    BNP, Digital Asset to Develop DLT Connectivity to ASX, HKEX

    By Editors | 15/09/2020

    BNP Paribas Securities Services and Digital Asset have joined forces to design real-time trade and settlement apps using DAML smart contracts.

    Securities / Derivatives

    CBSL to Allow Foreign Investors to Hedge Currency Risk with Swaps

    By Duruthu E Chandrasekera | 15/09/2020

    As part of measures to lure foreign investment back into Sri Lanka, the government also plans to channel banks’ funds into the stock market.

    Market Infrastructure

    BOT Expects Limited Impact from Transition to THOR

    By Manesh Samtani | 15/09/2020

    BOT has asked all commercial banks to form working groups to prepare for the changes, saying it will follow up to assess transition progress.

    Market Infrastructure

    Data, Technology Crucial for New Normal, LIBOR Transition

    By Bing Li | 15/09/2020

    The LIBOR transition opens the door to a fundamental rethink of the use of data and technology, and how firms provide products and services to customers, says Bloomberg’s Bing Li.

    Securities / Derivatives

    Thailand’s SEC Proposed to Raise Fees on Futures Trading

    By Sanday Chongo Kabange | 15/09/2020

    The SEC wants to replace the annual fixed fee charged to the TFEX with a per-contract fee, which could more than triple the cost to the futures bourse.

    Market Infrastructure

    Bangladesh Bank Offers Assurances on Cybersecurity at Banks

    By Duruthu E Chandrasekera | 14/09/2020

    Bangladesh banks in facing renewed cyber threats last month, but their regulator, Bangladesh Bank, says the situation is under control.

    Fintech / Regtech

    BSP Launches Digital Payment Platform for Retail Transactions

    By Sanday Chongo Kabange | 14/09/2020

    The New Order of Payment System, or NOPS, is a secure web-based system that offering various channels through which payments can be made to the BSP.

    AML / KYC

    Leveraging Data & Tech in Financial Crime Compliance

    By Manesh Samtani | 14/09/2020

    The pandemic has been an agent for accelerated change in operational and frontline functions. Financial crime compliance teams need to get in on the act.

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