Other Asia Pacific

    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.

    Capital / Liquidity

    Sri Lanka Eases Shareholder Limits on Commercial Banks

    By Duruthu E Chandrasekera | 14/09/2020

    Multilateral agencies such as the World Bank and IFC can hold up to 20% of a commercial bank. Other firms or institutions can hold up to 15%.

    Fintech / Regtech

    Thailand Starts Issuing Govt Savings Bonds on Blockchain

    By Editors | 10/09/2020

    The new scripless bond platform enhances investors’ buying experience, improves operational efficiency and reduces overall cost, the BOT said.

    Securities / Derivatives

    BSP to Start Issuing Debt Securities Next Week

    By Editors | 10/09/2020

    The BSP’s authority to issue its own debt paper was restored through legislation passed last year. The first auction of BSP securities will take place on 18 September.

    Securities / Derivatives

    Colombo Exchange Eyes New Measures to Lure Foreign Investment

    By Duruthu E Chandrasekera | 09/09/2020

    Besides tax incentives, CSE Chairman Dumith Fernando told Regulation Asia the exchange has initiated a five-pronged strategy to bolster the capital market.

    Market Infrastructure

    BSP, OJK Sign MoU on Financial System Development

    By Sanday Chongo Kabange | 07/09/2020

    As part of the MoU, the BSP and OJK have reportedly lined up talks in the areas of supervisory frameworks, consumer protection, financial inclusion, fintech and capacity building.

    Fintech / Regtech

    BSP Targets September Issuance of Digital Banks Framework

    By Editors | 06/09/2020

    Separately, new legislation is under development to expedite the digital banking sector, targeted to pass by the end of 2020.

    AML / KYC

    BSP Confirms Ongoing Probe into State-run Bank Over Cyber Theft

    By Sanday Chongo Kabange | 05/09/2020

    Over $3mn was stolen from United Coconut Planters Bank through fraudulent ATM withdrawals and online transfers over a three-day holiday in June.

    ESG / Sustainability

    Thailand SEC, UK Govt to Collaborate in Financial Sector

    By Editors | 02/09/2020

    The initial focus areas of the partnership will include green bonds, the fintech ecosystem, e-KYC and cybersecurity, the SEC and UK government said.

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