Other Asia Pacific

Fintech / Regtech

Foreign Vendors Dominate Bangladesh Banking Tech

By Editors | 27/12/2017

Although foreign software costs more and regulatory change cannot be adopted instantly, banks prefer them for their functionality and flexibility.

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.