Other Asia Pacific

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.

Securities / Derivatives

BSEC Publishes Draft Rules on Securities Short Selling

By Editors | 07/05/2019

The draft rules set out requirements for brokers and dealers in relation to short selling of securities, which is currently prohibited in Bangladesh.

Market Infrastructure

Philippines Allows Foreigners to Serve as Bank Directors, Officers

By Editors | 01/05/2019

The Philippine central bank has amended rules that previously prohibited the election and appointment of foreign nationals as directors and officers of financial institutions in the country.

Market Infrastructure

Singapore’s NETS to Co-Develop QR Payment System in Myanmar

By Editors | 30/04/2019

Singapore payment services provider NETS Group is helping the Myanmar Payment Union develop a unified e-payment system modelled after the SGQR.

Capital / Liquidity

Bangladesh Bank Relaxes Loan Classification Rules

By Editors | 29/04/2019

From 30 June, loans will be classified as ‘bad’ only once they have been overdue for at least 12 months, compared to nine months previously, among other changes.