OTHER ASIA PACIFIC

Securities / Derivatives

Philippines Eases Bond Issuance Rules for Banks

By Manesh Samtani | 15/08/2018

BSP circular says banks do not need prior approval of central bank to issue bonds and commercial papers and sets out eligibility criteria for issuers.

Fintech / Regtech

Data Challenges Continue as Top Regulatory Concern in APAC – AxiomSL

By Manesh Samtani | 14/08/2018

Risk and regulatory executives surveyed have identified data challenges, regulatory change and compliance resources as top pain points in financial services sector.

Capital / Liquidity

Moody’s Sees Stable Outlook for Indonesia’s Banks in 2018-19

By Garima Chitkara | 13/08/2018

The rating agency has changed its outlook for Indonesia’s banking system to stable for positive on the back of strong operating environment, capitalisation and liquidity levels.

Crypto / Digital Assets

Thailand Allows Banks to Engage in Crypto Activities Through Subsidiaries

By Manesh Samtani | 10/08/2018

Banks still prohibited from issuing, buying or selling digital tokens directly, but bank subsidiaries will be allowed to trade cryptocurrency and issue digital tokens with permission from supervisory body.

Market Infrastructure

Indonesia Discontinues JIBOR In Favour of Market-based Indonia

By Garima Chitkara | 09/08/2018

Indonesia’s central bank has announced a new market-based overnight rate to replace its current interbank offer rate to boost reliability of the rates and policy transmission.

Fintech / Regtech

Philippines Proposes Regulatory Framework for ICOs

By Editors | 09/08/2018

Draft rules propose issuers undergo initial assessment to determine if ICO tokens are securities; security tokens must be registered with the SEC and proceeds must be maintained in escrow.

Capital / Liquidity

Moody’s Assigns Stable Outlook To Thai Banks

By Garima Chitkara | 06/08/2018

The Thai banking industry will see improved operating environment given robust economic growth along with strong capitalisation and government support, according to an assessment by Moody’s.

Capital / Liquidity

BSP Approves PFRS 9 Adoption at Philippine Banks

By Garima Chitkara | 06/08/2018

Philippines domestic guidelines for IFRS 9 have been adopted by the central bank with additional requirements for governance overlaid on rules for impairment of bank assets.

AML / KYC

Philippines, Indonesia to Cooperate on AML/CFT

By Editors | 06/08/2018

The governors of BSP and BI signed an MoU to cooperate on AML and CFT for payment and settlement systems, focusing on policy dialogue, information exchange and capacity building.