Other Asia Pacific

Capital / Liquidity

SBV Lists Criteria for Assuming Control of Troubled Banks

By Editors | 05/09/2019

The State Bank of Vietnam has issued a circular outlining seven conditions under which it will impose ‘special control’ over credit institutions.

Securities / Derivatives

Sri Lanka Proposes Easing of Stock Market Listing Criteria

By Editors | 05/09/2019

Companies will no longer be required to have three years of consecutive profits to list on the main board of the Colombo Stock Exchange.

Market Infrastructure

GRI Sets Up in Singapore to Promote Sustainability Reporting in ASEAN

By Editors | 04/09/2019

The new ASEAN hub will generate valuable know-how for ESG reporting and sustainable finance, and contribute to Singapore’s development as a financial centre, says SGX CEO Tan Boon Gin.

Market Infrastructure

Philippines Signs Islamic Banking Framework into Law

By Editors | 03/09/2019

The law grants Islamic banks powers to carry out the business of a bank in accordance with Sharia principles, in addition to the general powers granted to corporations.

AML / KYC

Philippines Launches Pilot Test of New National ID System

By Editors | 02/09/2019

The pilot test phase will initially focus on government and welfare services, but will later be expanded to include financial services.

AML / KYC

Philippine Police Arrest Former Govt Official for Banking Law Violations

By Editors | 28/08/2019

Former foreign affairs secretary Perfecto Yasay Jr is reportedly accused of conspiring to obtain a $6.7mn loan for a company without reporting the loan to the central bank.

Fintech / Regtech

Uncovering the Terms and Conditions for Technology

By Max Kantelia | 27/08/2019

Legislators and industry leaders need to work together to ensure the benefits of innovation do not come at the cost of fairness, choice, and privacy, says Zilliqa co-founder Max Kantelia.

AML / KYC

APG: Good Progress from Taiwan; Pakistan Falls to ‘Enhanced Follow-up’

By Editors | 26/08/2019

The APG has adopted mutual evaluation reports for the Philippines, China, Hong Kong, Pakistan, Taiwan and the Solomon Islands – due to be published in October.

Market Infrastructure

EU Shareholder Rights Directive – It’s Time for APAC Firms to Act

By Demi Derem | 26/08/2019

Though a European regulation, SRD II will directly impact Asian intermediaries and hundreds of billions of euros in assets held by APAC investors, says Demi Derem at Broadridge.