Other Asia Pacific

Capital / Liquidity

BSP to Adopt New Supervisory Assessment Framework From July

By Editors | 11/03/2020

The new SAFr – said to be more forward-looking compared to CAMELS – uses a four-point rating scale, focusing on FIs business models and compliance systems’ ability to mitigate risk.

Securities / Derivatives

Myanmar to Open Stock Market to Foreign Investors from 20 March

By Editors | 09/03/2020

Both resident and non-resident foreign investors, including overseas brokers and banks, will be allowed to open securities accounts with local brokers to trade on the Yangon Stock Exchange.

AML / KYC

Philippine Lawmakers Warned of Urgent Need to Pass AML Reforms

By Editors | 08/03/2020

The AMLC has urged lawmakers to quickly pass legislative amendments to address AML/CTF deficiencies to avoid being grey- or black-listed by the FATF.

AML / KYC

APAC Banks Slow to Integrate Fraud, AML Functions

By Editors | 06/03/2020

A FICO survey finds that only 18% of APAC banks have a strategic plan to converge their fraud and AML compliance functions, despite some 71% believing it will help fight financial crime.

Securities / Derivatives

Thailand Set for Launch of New ‘Super Savings Fund’ Scheme

By Editors | 05/03/2020

The new mutual fund scheme was initiated by the Finance Ministry, offering tax incentives to encourage investors to save and invest.

Big Picture

Singapore Banks Among Most Vulnerable to Covid-19 Impacts: Fitch

By Editors | 04/03/2020

While Singaporean banks have sufficient loss-absorption buffers to withstand pressure, the impact will depend on the extent and duration of the outbreak.

Thai Banks to Give Borrowers One-year Grace on Loan Repayment

By Editors | 04/03/2020

A yearlong grace period on loan repayments is reportedly being offered by banks to companies in the tourism sector, exporters, importers and retailers.

Big Picture

ASIFMA Calls for Global Coordination of Sustainability Efforts

By Manesh Samtani | 03/03/2020

Fragmented approaches to sustainable finance may ultimately undermine the development of sustainable finance through increased complexity and lack of coordination.

Securities / Derivatives

Indonesia Halts Short Selling, Cuts Reserve Requirements

By Editors | 03/03/2020

Short selling was halted to stop panic selling after the first two cases of Covid-19 were detected in the country. Separately, the central bank has introduced 5 new policy measures.