Other Asia Pacific

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.

AML / KYC

Indonesian Banks Start AEOI Registration to Report Customer Data

By Editors | 22/02/2018

Indonesian banks, regulators and financial infrastructure firms invited to register with the tax office under AEOI norms.

Market Infrastructure

Chinese Exchanges to Acquire Stake in Bangladeshi Bourse

By Editors | 21/02/2018

Shanghai, Shenzhen exchanges have outbid India’s NSE to buy 25% of Dhaka Stock Exchange.

Malaysian Banks to ‘Rigorously Screen’ New Employees

By Garima Chitkara | 19/02/2018

Bank Negara Malaysia wants to build a “competent” talent pool to enforce confidence and integrity in the financial system.

Capital / Liquidity

BSP Cuts Reserve Requirement for Philippine Banks

By Editors | 17/02/2018

The 100 basis point RRR reduction is expected to free up PHP90 billion of liquidity in the financial system.

Capital / Liquidity

Myanmar Banks Under Pressure to Rein in Overdraft Lending

By Editors | 16/02/2018

Banks say businesses rely on overdraft loans for working capital, particularly during economic weakness.

Crypto / Digital Assets

Thailand Banks Banned from Cryptocurrency Activities

By Manesh Samtani | 14/02/2018

Banks prohibited from trading, advising on, and creating platforms for cryptocurrency.

Big Picture

Too Early to Assess Fintech Risks – DTCC

By Samuel Riding | 14/02/2018

Firm suggests fintech adoption has clear benefits, but the systemic risks from increased adoption have yet to fully emerge.

AML / KYC

Europe’s Latest AML Directive a Huge Challenge for Asian Operations

By Bradley Maclean | 14/02/2018

4th AMLD to prove a headache for Asian institutions which already share clients and data with EU-based subsidiaries, potentially influencing Asia-based parent institutions themselves.