Other Asia Pacific

Market Infrastructure

APAC Central Banks Prepare Market for Benchmark Reforms

By Editors | 27/09/2019

A group of APAC central banks have issued a report on the regional implications of LIBOR’s discontinuation, BMR implementation, and reforms to local benchmarks.

Capital / Liquidity

BSP Enhances Rules on Voluntary Surrender of Banking Licences

By Editors | 24/09/2019

The guidelines are aimed at improving protections for depositors and creditors of banks that have decided to cease operations.

Market Infrastructure

Thailand, Clearstream Go Live with Cross-Border Funds Link

By Editors | 24/09/2019

The new link allows international investors to access Thailand’s funds market, and Thai investors to access more than 190,000 funds on Clearstream’s platform.

Securities / Derivatives

Philippine Insurers Permitted to Borrow, Lend Securities

By Editors | 24/09/2019

The move is aimed at helping the insurance industry to broaden their investment options, diversify their portfolios, and more actively participate in capital market development.

Market Infrastructure

Vietnam to Consolidate Exchanges Under Single Entity

By Editors | 23/09/2019

Under the new structure, HOSE will focus on operating the stock market and the HNX will focus on derivatives and bond markets.

Capital / Liquidity

Bangladesh Banks Face Capital, Provisioning Shortfalls

By Editors | 20/09/2019

Recent policies to help delinquent borrowers have incentivised good borrowers to default, leading to a rise in NPLs that is threatening to overwhelm banks.

Capital / Liquidity

Vietnam Banks Ordered to Control Loans Backed by Savings Book

By Editors | 20/09/2019

The SBV says banks may not allow borrowers to use long term savings books as collateral for loans if they have no plans to use the capital.

Securities / Derivatives

Thailand, Cambodia Sign MoU on Cross-Border Listings

By Editors | 20/09/2019

A working group will be formed to implement mechanisms for cross-border equity offerings, dual listings and depositary receipts between the two countries.

Enforcement

Philippines Moves to End Abusive Practices by Fintech Lenders

By Editors | 18/09/2019

A code of ethics and code of conduct have been adopted by members of FinTechAlliance.ph prohibiting the harassment and shaming of delinquent borrowers.