Other Asia Pacific

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.

Market Infrastructure

ASEAN Liberalises Cross-border Funds Framework

By Garima Chitkara | 28/02/2018

ASEAN CIS framework revised to open greater fund participation between Malaysia, Singapore and Thailand.

Enforcement

Malaysia Eyes Senior Managers Regime

By Samuel Riding | 25/02/2018

BNM proposals resemble Hong Kong’s MiC regime in setting out key responsibilities and requiring appointment and naming of responsible individuals.