Other Asia Pacific

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.

Market Infrastructure

Dhaka Bourse Mulls New Data Exchange Platform

By Editors | 13/05/2019

The DSE’s ‘Financial Data Exchange Platform’ will allow regulators, market infrastructures and financial institutions to safely and efficiently exchange messages and files.

AML / KYC

Cambodia to Launch Commercial Credit Reporting Service

By Editors | 13/05/2019

The new commercial credit reporting system, set for launch by end-May, will improve the lending process for more than 50 financial institutions in Cambodia.

Capital / Liquidity

BCBS Releases 16th Progress Report on Basel III Adoption

By Garima Chitkara | 10/05/2019

In Asia, most jurisdictions have made progress with Basel III adoption, though most have yet to make progress on non-cleared derivatives margining and CCP regulation.

Fintech / Regtech

Banks Need to Be More Agile to Remain Competitive

By Salomon Wettstein | 10/05/2019

Banks have not invested sufficiently in modernising their core internal systems due to a stronger focus on customer-facing applications, says Synpulse partner Salomon Wettstein.

Enforcement

ASEAN Financial Sector Lacks Personal Accountability – Refinitiv Poll

By Editors | 09/05/2019

61% of the survey respondents said there is too little personal accountability in ASEAN’s financial sector, compared to just 16% who believe there is too much.

Fintech / Regtech

Open Banking Security Risks May Open Pandora’s Box

By Peter Lancos | 09/05/2019

The open banking initiative could be put in jeopardy if data is not sufficiently secured, say Peter Lancos, Jonathan Naismith and Suraj Nittoor at Exate Technology.

Capital / Liquidity

BOT Launches Phase Two of ‘Debt Clinic’ Scheme

By Editors | 09/05/2019

The second phase of the programme is aimed at helping troubled borrowers who owe credit card and personal loan debt to both bank and non-bank lenders.

AML / KYC

Philippine FIU Seeks an End to Bank Secrecy Law

By Editors | 07/05/2019

The AML Council is seeking additional powers to combat financial crime, including the lifting of the bank secrecy law, which would allow it to check all accounts regardless of transaction thresholds.