Other Asia Pacific

Market Infrastructure

Malaysia Establishes Working Group to Digitise Brokerage Industry

By Garima Chitkara | 18/03/2018

The BRIDGe working group will work to enhance operational efficiencies and service standards, promote innovation and reduce brokerage costs.

Capital / Liquidity

Malaysia Banks Can Withstand Severe Shocks – BNM

By Manesh Samtani | 16/03/2018

The central bank’s Financial Stability Committee says Malaysian banks have a “strong capacity” to withstand financial shocks comparable to past crises.

Capital / Liquidity

Bangladesh to Raise Capital Requirements on Stock Brokers, Merchant Banks

By Garima Chitkara | 15/03/2018

New capital requirements will be imposed on stock brokers, merchant banks, asset managers and institutional portfolio managers.

Market Infrastructure

Myanmar Central Bank Pushes for New Moveable Assets Law

By Garima Chitkara | 15/03/2018

A moveable asset finance law would enable banks to accept collateral other than real estate such as stock, equipment and receivables.

Crypto / Digital Assets

Thailand to Legalise Cryptocurrency by Royal Decree

By Manesh Samtani | 14/03/2018

Cryptocurrencies will be classified as assets and regulated by SEC; capital gains from trading to be taxed at 10 percent.

Capital / Liquidity

Basel Committee Publishes Follow-up Reports on Basel III Implementation

By Manesh Samtani | 13/03/2018

The Committee also published an assessment handbook and self-assessment questionnaire to help member jurisdictions prepare for future RCAP assessments.

Enforcement

Malaysia Reveals Bank Employee Screening Policy

By Samuel Riding | 12/03/2018

Financial institutions will be required to forward references, hiring companies must check Financial Markets Association records.

Securities / Derivatives

Vietnam Announces Risk Hedging Rules for Warrant Issuers

By Editors | 09/03/2018

Hi Chi Minh Stock Exchange to launch covered warrants in late March; issuers required to hold adequate underlying securities and submit daily reports to the exchange.

Market Infrastructure

US Fed Eyes Eased Regulation for Foreign Banks

By Samuel Riding | 09/03/2018

Vice chairman says to allow more foreign banks to set up more than one holding company, which each regulated separately according to different risk profiles.