Other Asia Pacific

Enforcement

Sri Lanka to Bail Out Finance Company Depositors

By Editors | 09/03/2018

The central bank has cancelled troubled finance company CIFL’s licence and doubled the maximum deposit insurance payout for each depositor.

Market Infrastructure

Thailand, Indonesia Boost Capital Markets Cooperation

By Editors | 08/03/2018

Extension of MoU includes cooperation on cross-border transactions, product development, information technology and knowledge sharing.

Enforcement

Vietnam Banks Ordered to Improve Internal Security

By Editors | 07/03/2018

Central bank instructs commercial lenders to improve staff oversight, upgrade security technology and boost fraud-related information sharing.

Capital / Liquidity

Bangladesh Banking Sector Faces Bad Loan Crisis

By Editors | 07/03/2018

Speakers at banking conference call for an immediate solution to Bangladesh’s 10 percent NPL ratio, the highest in the region.

Capital / Liquidity

Vietnam Banks Receive Fitch Ratings Upgrades

By Editors | 06/03/2018

Positive rating action for Military Bank, Vietcombank and Vietinbank reflect improvements in asset quality and declining rates of bad debt.

Fintech / Regtech

Thailand Edges Closer to Cryptocurrency Regulation

By Manesh Samtani | 05/03/2018

Securities regulator to propose regulations for initial coin offerings and other forms of cryptocurrency investment.

Market Infrastructure

Bursa Malaysia Targets T+2 Securities Settlement

By Manesh Samtani | 02/03/2018

Other market boosting measures include a stamp duty waiver for stocks, as well as new ETF, ASEAN-centric and derivatives product launches.

AML / KYC

Bangladesh Bank to Introduce e-KYC for Account Opening

By Editors | 02/03/2018

Electronic KYC will include digital forms and thumbprint verification; bank can access national identity card database for further verification.

AML / KYC

Malaysia Issues AML/CTF Policy for Cryptocurrency Exchanges

By Manesh Samtani | 01/03/2018

Cryptocurrency exchanges are required to fully identify all customers and monitor for money laundering and terrorist financing activities.