OTHER ASIA PACIFIC

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.

Big Picture

APAC Banks Have Sufficient Buffers to Counter 2019 Risks – Moody’s

By Editors | 07/12/2018

Banks will face challenging conditions in 2019 due to moderating economic growth, slowing credit expansion and US-China trade tensions, but have adequate buffers against growing risks.

AML / KYC

Malaysia Clarifies Regulatory Treatment of Cryptocurrencies

By Editors | 07/12/2018

ICO issuers and digital asset exchanges will be regulated by the Securities Commission and subject to AML/CTF guidelines, as well as BNM laws and regulations relating to payments.

Capital / Liquidity

Asset Quality Worsening at Bangladesh’s Banks – Moody’s

By Editors | 05/12/2018

Asset quality in the banking system is deteriorating due to governance weaknesses, with banks dipping into their core capital due to non-payment of loans.

Market Infrastructure

Calastone to Migrate Global Funds Network to Blockchain

By Matthew Chan | 04/12/2018

By moving to a blockchain platform, Calastone seeks to address the high cost of funds distribution and operational risk resulting from manual processes, older systems and legacy technology.