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AML / KYC
UPDATED – Bangladesh Bank Files New York Lawsuit over Cyber Heist
By Editors | 04/02/2019
Bangladesh Bank has filed a $66mn lawsuit against Philippines-based RCBC and others over the 2016 bank heist, where hackers stole $101mn from its account with the New York Fed.
Market Infrastructure
Asia Region Funds Passport Goes Live
By Editors | 03/02/2019
Japan, Thailand, Australia ready to receive applications from prospective ARFP funds; New Zealand, S. Korea making progress on legal and regulatory requirements.
Market Infrastructure
EU Benchmark Regulation – Not Just a European Problem
By Gregory Campbell | 29/01/2019
APAC benchmark administrators hoping to retain or grow their user base in the EU must take action now to gain approval before 2020, say PwC’s Gregory Campbell and Daniela Bunea.
Enforcement
Vietnam’s SSC to Beef up Handling of Stock Market Violations
By Editors | 25/01/2019
The SSC is coordinating with Vietnam’s Ministry of Public Securities to ensure violators face criminal charges in addition to the existing administrative sanctioning regime.
Capital / Liquidity
Philippine Central Bank Revises Computation of Banks’ Net Worth
By Editors | 23/01/2019
The Philippines has changed its rules for calculating bank capital to better reflect asset quality and align with computations used for capital adequacy.
Securities / Derivatives
Myanmar to Establish Derivatives Market
By Editors | 21/01/2019
A plan to launch a derivatives market in Myanmar is afoot, but an important step is to put in place an appropriate regulatory regime.
Crypto / Digital Assets
Stock Exchange of Thailand Seeks Digital Asset Licence
By Editors | 18/01/2019
The SET plans to apply for a licence to operate a new digital asset exchange, to be set up in collaboration with its members.
Fintech / Regtech
Nine Associations Join Forces to Launch ‘Asia-Pacific FinTech Network’
By Editors | 17/01/2019
Launched at the Asian Financial Forum in Hong Kong, the new network aims to boost regional collaboration and cross-border innovation.
Capital / Liquidity
Vietnam Banks Face Capital Raising ‘Headache’ in 2019
By Manesh Samtani | 15/01/2019
Listed commercial banks in Vietnam will need to raise an estimated $10bn in capital this year to meet Basel II capital requirements by 1 January 2020.
Securities / Derivatives
Singapore, Philippine Bourses Collaborate on Equity Derivatives
By Editors | 15/01/2019
The SGX and PSE are working on developing new equity index derivatives for listing in the Philippines to offer a more diverse product line to international investors.
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