Other Asia Pacific

AML / KYC

Malaysian Central Bank to ‘Name and Shame’ Rulebreakers

By Editors | 09/10/2017

Bank Negara Malaysia governor says it has shared the names of more than 400 individuals with banks in the country over the past three months.

Enforcement

Malaysia Revising Prudential Framework for Outsourcing by Financial Institutions

By Editors | 04/10/2017

Banks will be urged to enhance due diligence and do more to protect data confidentiality as BNM cites risks from outsourcing to shared services.

Fintech / Regtech

Philippines Set to Introduce Tighter Cybersecurity Requirements for Banks

By Editors | 04/10/2017

Measures will include enhanced risk management and governance requirements as well as increased use of cloud technology.

Market Infrastructure

Vietnam to Increase Scrutiny of Electronic Trading for Security Loopholes

By Editors | 04/10/2017

Brokerages will be required to report more data, ensure their systems are transparent, fair, secure and compliant with national laws.

Capital / Liquidity

Malaysia Extends NSFR Implementation Deadline to 2019

By Editors | 02/10/2017

Central bank cites uncertainty and divergence from original 1 January 2018 deadline elsewhere, suggests NSFR of Malaysian banks already at 100%.

Enforcement

Asia Pacific FIs Enter New Era of Accountability

By Editors | 28/09/2017

Australian bankers rail against short deadline for comments on BEAR, which mirrors Hong Kong’s recently introduced MiC.

Market Infrastructure

Equivalence not Regulatory Harmonisation the Answer for Asian FX

By Editors | 28/09/2017

GFMA, KPMG report suggests the number of liquidity providers will decline; market participants can’t expect harmonised regulatory environment.

Enforcement

Indonesia Targets Illegal Investment Managers, Fund Collectors

By Editors | 28/09/2017

Nearly 50 firms have been shut down this year for operating without a license, offering unreasonably generous repayment terms, returns.

Capital / Liquidity

Vietnam Raises Credit Growth Limits for Commercial Banks

By Editors | 28/09/2017

Vietnam’s central bank has extended credit growth limits for several commercial banks in a bid to support the country’s economic growth and amid massive demand.