OTHER ASIA PACIFIC

Fintech / Regtech

Bank Indonesia to Trial ‘Digital Rupiah’ in 2018

By Manesh Samtani | 31/01/2018

The digital currency’s value will be based on the existing currency system, backed by “real assets” and will take into account the inflation rate.

Capital / Liquidity

Vietnam Lowers Capital Adequacy Ratio as Local Banks Struggle

By Editors | 26/01/2018

State bank lowers CAR to 8 percent as analysts and bank executives start to worry about capital adequacy under Basel norms.

Enforcement

Thailand Implements New Market Misconduct Penalty Scheme for Banks

By Editors | 20/01/2018

New market conduct rules to be implemented over next few weeks; Violators can be barred from operating or fined up to 1mn baht per day.

Vietnamese Banks Warned Against High-Risk Lending

By Editors | 19/01/2018

Central bank warning comes as prime minister asks for increased inspection and supervision over banks.

Market Infrastructure

LEIs: Asia Following the Rest of the World

By Tony Freeman | 18/01/2018

Firms in the region either embrace, endure or avoid MiFID II’s LEI requirement, but must accept that it’s not just regulations from the US which now have a profound extraterritorial impact.

AML / KYC

Philippines Will Now Report Cross Border Banking Stats to BIS

By Editors | 17/01/2018

BSP has begun reporting international banking statistics from January 2018, having met BIS standards for completeness and quality.

Big Picture

Beware Regulatory Fragmentation in 2018 – Deloitte

By Samuel Riding | 11/01/2018

Trend towards more isolated policymaking will challenge the implementation of financial regulations on a worldwide basis.

AML / KYC

Registration with Financial Information System Compulsory – Indonesia Regulator

By Editors | 11/01/2018

Move will require all financial services firms operating in the country to provide customers identification and tax details to the regulator by 2022.

Securities / Derivatives

Thailand Allows Securities Firms to Offer Bitcoin Futures Locally

By Manesh Samtani | 11/01/2018

The SEC says fraud and money laundering not points of concern as CBOE and CME markets are properly supervised.