Other Asia Pacific

    AML / KYC

    Malaysia has ‘Robust’ AML/CFT Framework – APG-FATF

    By Editors | 01/11/2018

    More actions needed to further strengthen the framework, including a greater focus on terrorist financing risk from the private sector and foreign source threats.

    Market Infrastructure

    Singapore Leads Asia Pacific in Open Banking Readiness

    By Manesh Samtani | 01/11/2018

    In APAC, Singapore is the most prepared for open banking, followed by Australia and Hong Kong, according to Finastra’s ‘Open Banking Readiness Index’.

    Big Picture

    Asia Struggles to Meet 2020 EU Benchmarks Regulation Deadline

    By Editors | 31/10/2018

    A number of non-EU benchmark administrators may fail to obtain BMR registration by January 2020, according to a new report from ASIFMA and Herbert Smith Freehills.

    Capital / Liquidity

    Malaysia Pushes NSFR Implementation to 2020

    By Garima Chitkara | 26/10/2018

    Bank Negara Malaysia intends to conduct further on-site assessments to ensure robustness in liquidity and funding at banks.

    Market Infrastructure

    SWIFT gpi Instant Cross-Border Payments Trial Hailed a Success

    By Manesh Samtani | 22/10/2018

    All payments during the trial were processed end-to-end within 60 seconds, demonstrating the service’s capabilities to scale and integrate with other real-time payment systems.

    Capital / Liquidity

    IFRS 9 Does Not Materially Affect APAC Banks’ Fundamentals – Moody’s

    By Manesh Samtani | 16/10/2018

    Moody’s says problem loan coverage has improved for many APAC banks, offsetting overall declines in CET1 ratios as a result of IFRS 9.

    Market Infrastructure

    ACMF Launches Social and Sustainability Bond Standards for ASEAN

    By Editors | 16/10/2018

    The new standards complement the ASEAN Green Bond Standards introduced last year. A new framework also announced will facilitate cross-border movement of investment advisers.

    Fintech / Regtech

    Singapore, Indonesia Agree to Cooperate on Fintech

    By Editors | 15/10/2018

    The MOU will facilitate information sharing, promote joint innovation projects and establish a framework to help fintech firms better understand each market.

    AML / KYC

    Europe’s AMLD5 and its Impact on AML Regulations in Asia

    By Claus Christensen | 15/10/2018

    While AMLD5 confirms the EU’s leadership role in AML legislation, similar efforts have been seen in Asia, says Claus Christensen at Know Your Customer Ltd.

    Fintech / Regtech

    Fragmented Data Privacy Rules Impede Fintech Growth in Asia

    By Manesh Samtani | 11/10/2018

    New ASIFMA whitepaper advocates regional harmonisation of data privacy rules to facilitate continued growth of fintech ecosystems in Asia.

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