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AML / KYC
Sanctions Screening Short Cuts Not Worth the Risk: Refinitiv
By Manesh Samtani | 29/01/2020
Increasingly aggressive US sanctions policies highlight the need for financial institutions to adopt and implement a sophisticated risk-based approach to compliance.
Fintech / Regtech
HKMA, BOT Announce Outcomes of Joint CBDC Research
By Editors | 23/01/2020
In 3Q 2019, eight Thai banks and two Hong Kong banks (HSBC and ZA Bank) participated in a THB-HKD cross-border corridor network PoC using a CBDC.
Bank of Thailand Relaxes Mortgage Lending Rules
By Editors | 22/01/2020
For homes worth more than THB 10 million, first home buyers have to pay a minimum down payment of 10%, compared to 20% earlier.
Securities / Derivatives
Vietnam to Tighten Bond Issuance Rules Amid Overheating Market
By Editors | 21/01/2020
The draft rules require that separate bond issuances be at least six months apart, and that issuers limit their issuances to three times capital.
Capital / Liquidity
Indonesia to Raise Core Capital Requirement for Banks – Report
By Editors | 21/01/2020
The OJK wants all lenders to have a minimum core capital of 3tr rupiah by 2022. About half of Indonesian banks will be affected.
Securities / Derivatives
SET Unveils Three Pillar Growth Strategy for 2020
By Editors | 21/01/2020
The SET will look to set up trading links with Cambodia, Laos, Myanmar and Vietnam this year, expecting much of its growth to be driven by offshore-related investment products and IPOs.
Securities / Derivatives
Philippine Regulators Ease REITs Rules with New Framework
By Editors | 21/01/2020
The new rules remove stringent tax and minimum public ownership requirements under a 2009 law that prevented the rise of REITs in the Philippine capital market.
Myanmar to Issue New Licences to Foreign Banks
By Editors | 20/01/2020
Foreign banks that have had a representative office in Myanmar for at least three years can apply for a branch licence or a subsidiary licence.
Capital / Liquidity
Sri Lanka Offers Credit Support for Banks to Boost SME Lending
By Editors | 18/01/2020
The new scheme provides risk mitigation support to banks that defer principal repayment and extend new loans for SME borrowers, including those that have defaulted.
ESG / Sustainability
Hong Kong, Thailand Set to Sign Cross-Border Funds Agreement
By Editors | 17/01/2020
Hong Kong’s SFC and Thailand’s SEC plan to sign a mutual recognition of funds agreement within the second quarter of this year.
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