Other Asia Pacific

Capital / Liquidity

Philippine Banking System Stable Despite Outside Challenges

By Editors | 07/01/2019

The Philippine banking system “remained robust and continued to exhibit strong capital position and sustained growth in core earnings”, says BSP deputy governor Chuchi Fonacier.

BOT Urges Commercial Banks to Set Up Risk Management Boards

By Editors | 04/01/2019

Thailand’s central bank is concerned about underpricing of risk on corporate loans given “growing uncertainties” in domestic and international markets.

Fintech / Regtech

Philippines SEC Extends Consultation on ICO Rules

By Editors | 31/12/2018

The second round of public consultation is open until 15 January, after stakeholders asked for more time to study the draft rules.

Fintech / Regtech

BNM Issues Policy Document Targeting Outsourcing Risk at FIs

By Editors | 31/12/2018

Malaysia’s central bank has raised expectations on the board and senior management to ensure effective oversight and governance of outsourcing arrangements.

Market Infrastructure

All SWIFT Banks to Adopt gpi Payments by End-2020

By Editors | 20/12/2018

Over half of SWIFT’s cross border traffic now goes through as gpi payments, with full adoption by its 10,000 member banks expected by end-2020.

AML / KYC

Malaysia Files Criminal Charges Against Goldman Sachs over 1MDB

By Editors | 17/12/2018

Malaysian prosecutors have filed criminal charges against three Goldman subsidiaries and two former employees, seeking fines in the billions of dollars and jail terms of up to 10 years.

Capital / Liquidity

Myanmar’s First Credit Bureau to Become Operational Within a Year

By Editors | 17/12/2018

Using software from Equifax, the new credit bureau will enable lenders to use credit histories to calculate bad debt risk and potentially lower the need for collateral.

Capital / Liquidity

Philippines to Introduce Basel III Countercyclical Capital Buffer

By Editors | 13/12/2018

The CCyB will initially be set at 0% but is subject to upward adjustment – up to a maximum of 2.5% – when warranted by systemic conditions.

Securities / Derivatives

Bursa Malaysia Enhances ETF Framework, Effective in January

By Editors | 10/12/2018

“The introduction of innovative ETF products is a welcome development for our ETF market, and should lead to a more vibrant ETF ecosystem,” said Bursa Malaysia chief Tajuddin.