Other Asia Pacific

Emerging Prudential Risks

BSP Unveils First Financial Stability Report

By Garima Chitkara | 30/08/2018

Inaugural financial stability report focuses on impact of higher interest rates and weakening EM currencies on outstanding debt. It also looks at potential financial stability implications from fintech and ASEAN integration.

Trading & Investment

Cambodia Set to Launch First Ever Corporate Bond

By Editors | 29/08/2018

The country’s third largest microfinance institution has obtained approval from the central bank, and is now seeking final approval from the securities regulator and exchange.

Payments & Settlements

SWIFT Trials Instant Cross-Border Payments Service in Asia Pacific

By Garima Chitkara | 27/08/2018

SWIFT is set to trial its gpi payments service using Australia’s New Payments Platform, together with banks from China, Singapore and Thailand.

CBDCs

Thailand Central Bank Digital Currency Prototype Slated for Q1 2019

By Editors | 22/08/2018

Bank of Thailand will work with 8 participating banks to design, develop and test domestic wholesale funds transfers using a central bank digital currency.

Cloud & Infrastructure

Cambodia Launches Fintech Association

By Editors | 21/08/2018

New body will connect Cambodia with overseas fintech associations and has already signed agreements with associations in Thailand, Singapore and Taiwan.

Cryptocurrency

Thailand Green Lights Seven Crypto Operators

By Editors | 21/08/2018

Crypto businesses were in May given 90 days to register with the SEC if they wished to carry on their business.

Credit Risk

Moody’s Upgrades 14 Vietnamese Banks Following Sovereign Ratings Upgrade

By Editors | 20/08/2018

Three state-run banks were among those that received local and foreign currency ratings upgrades following a notch up in Vietnam’s sovereign rating earlier this year.

Structural Regulation

Vietnam to Restrict Licences for Foreign Banks

By Garima Chitkara | 16/08/2018

Vietnam is looking to potentially stop issuing licenses to foreign banks even as the State Bank of Vietnam is proposing to ease requirements for the establishment of domestic banks.

Liquidity Risk

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.