Other Asia Pacific

Philippines Issues New Guidelines on Bank Stress Tests

By Editors | 26/12/2017

Central bank gives financial institutions two years to meet new risk management expectations.

Fintech / Regtech

Malaysia to Introduce Alternative Trading Systems

By Garima Chitkara | 26/12/2017

Securities Commission invites proposals from parties interested in participating in regulatory sandbox sessions under its innovation lab.

Philippines Scraps Approval Rules on Private Sector FX Loans

By Editors | 26/12/2017

Loans not guaranteed by public sector entity now only need to be registered; Documentary requirements relaxed.

Malaysia Raises Standards for SRI Funds

By Editors | 20/12/2017

New guidelines introduce additional disclosure and reporting requirements for SRI-designated funds.

Thailand, Philippines Forge Agreement on Banking Supervision

By Editors | 19/12/2017

Central banks commit to fostering information exchange and cooperation in areas of licensing, on-site examinations, supervisory colleges, crisis management.

Ethical Failings the Main Reason for Financial Crime – Report

By Editors | 18/12/2017

Survey of Bangladesh banks finds two thirds face financial crime; general banking, credit, IT most vulnerable.

Philippines Forges Ahead with Bitcoin Legitimisation

By Manesh Samtani | 18/12/2017

Central bank to regulate virtual currencies for remittance, payments; not yet ready to endorse bitcoin as a currency.

AML / KYC

US Lifts Threat of Criminal Charges against HSBC

By Garima Chitkara | 14/12/2017

Bank released from deferred prosecution agreement after meeting its terms; outgoing CEO says AML to remain ‘a top priority’ in 2018.

Capital / Liquidity

Geopolitical Risk a Grave Concern for Financial Services in 2018

By Editors | 14/12/2017

DTCC report says cyber risk continues to be seen as greatest threat, but many firms now see geopolitical issues as one of the five biggest concerns.