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Market Infrastructure
Bangladesh Banks Call for Reforms on Internal Controls, Compliance
By Garima Chitkara | 02/04/2018
The Bangladesh Institute of Bank Management presented a report calling for reform of internal control and compliance departments at the country’s banks.
AML / KYC
Sri Lanka Investigating “Suspicious” Chinese-held Bank Accounts
By Garima Chitkara | 02/04/2018
Sri Lanka’s financial crimes unit is investigating suspicious transactions originating from three Chinese-held accounts with LKR957 million.
Market Infrastructure
Malaysia Foils Cyber Attack Involving Falsified SWIFT Messages
By Manesh Samtani | 01/04/2018
Unauthorised transactions were prevented by central bank, no financial losses occurred; near breach prompts increased vigilance in the Philippines.
Crypto / Digital Assets
Thailand Finalises Cryptocurrency Tax Framework
By Manesh Samtani | 30/03/2018
Cryptocurrency trades to be subject to 7 percent value added tax and 15 percent capital gains tax; fintech association chair says move may drive startups overseas.
Capital / Liquidity
Indonesian D-SIBs Ordered to Boost Capital
By Editors | 29/03/2018
Regulator has imposed a Tier 1 capital surcharge between 1 and 3.5 percent on the country’s systemically important banks.
Capital / Liquidity
Malaysia to Make Specialist Compliance, Risk Management Qualifications Compulsory
By Editors | 29/03/2018
BNM to introduce code of conduct for senior FI personnel, regulatory standards to govern banks’ increased outsourcing of functions.
Capital / Liquidity
Vietnam Establishes Early Intervention Mechanism for Ailing Banks
By Editors | 26/03/2018
New mechanism provides guidelines for SBV directors to take action as a credit institution profile weakens to contain risk.
Capital / Liquidity
A Quarter of Loans at Bangladesh State Banks Non Performing
By Garima Chitkara | 26/03/2018
Current and former regulators have voiced concern over the the accumulation of bad loans in the banking sector; value of bad loans has trebled in the past six years.
Fintech / Regtech
Malaysia Set to License its First Robo-advisory
By Garima Chitkara | 22/03/2018
Securities Commission 2017 annual report reveals eligibility and application requirements for digital investment management; first robot-advisory license to be granted in 2018.
Fintech / Regtech
Thailand Banks on Blockchain
By Manesh Samtani | 22/03/2018
Central bank plans adoption of blockchain for interbank settlements, bond issuance; leading banks launch joint initiative on blockchain based letters of credit.
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