Other Asia Pacific

AML / KYC

Five RCBC Bank Employees Charged with Money Laundering

By Editors | 25/05/2019

Five current and former bank employees have been charged with money laundering in the Philippines in connection with the 2016 Bangladesh Bank heist.

Capital / Liquidity

BSP Cuts RRR for Thrift, Rural, Cooperative Banks

By Editors | 25/05/2019

The move follows RRR cuts for large banks, as the BSP looks to mitigate lowering price expectations and inflation.

Market Infrastructure

Myanmar Allows Foreign Banks to Set Up Local Subsidiaries

By Editors | 25/05/2019

Foreign banks will be able to enter the retail banking space and operate as local banks by setting up subsidiaries, rather than just branches.

Capital / Liquidity

Bangladesh Eases Banks’ Stock Exposure Rules to Free Up Capital

By Editors | 22/05/2019

In a bid to boost banking system liquidity, the central bank has excluded investments in non-listed securities from banks’ capital market exposure calculations.

AML / KYC

Bangladesh FIs Report Suspicious Activity at Record Levels

By Editors | 21/05/2019

The increase in suspicious activity reported is an indication of the financial industry’s commitment to fighting money laundering and terrorism financing.

Capital / Liquidity

BSP to Cut Reserve Requirements for Biggest Banks

By Editors | 17/05/2019

The 200 basis point RRR cut will take place over three phases by end-July, and free up an estimated $3.6bn in banking system liquidity.

AML / KYC

The Need for a Cross-Sector & Cross-Jurisdictional AML Regime

By Claus Christensen | 16/05/2019

It’s time to have a conversation about implementing real AML information sharing across organisations, sectors and jurisdictions, writes Claus Christensen at Know Your Customer Ltd.

Fintech / Regtech

Hong Kong, Thailand Central Banks Sign Fintech Collaboration Agreement

By Editors | 15/05/2019

HKMA and BOT have agreed to collaborate on fintech innovation, including through a joint research project on the development of a central bank digital currency.

Market Infrastructure

Sri Lanka Signs Dual Bond Listing Deal with London

By Editors | 14/05/2019

Colombo’s stock exchange has signed an MoU to list domestic government bonds in London and enable LSEG to support the development of Sri Lanka’s capital markets.