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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.
Capital / Liquidity
Philippine Central Bank Seeks to Capture Property Loan, Project Financing Risks
By Editors | 25/09/2017
Lenders face tighter loan, financing reporting requirements as central bank says it will target ‘areas which require supervisory action’.
Crypto / Digital Assets
DLT Essential for Capital Market Participants to Meet Regulatory Obligations – JPX
By Samuel Riding | 21/09/2017
Market participants can’t meet diverse regulatory requirements without using DLT to share back office and post-trade functions, report suggests.
Fintech / Regtech
ASEAN Fintechs, Banks Set up Pan-regional Sandbox to Boost Financial Inclusion
By Samuel Riding | 21/09/2017
Sandbox board includes ASEAN Bankers Association, Monetary Authority of Singapore and is being advised by Intel, Microsoft Asia Pacific and IBM Philippines.
AML / KYC
Indonesia Tightens AML Rules to Address Fintech Complexity
By Editors | 14/09/2017
Bank Indonesia says new technological developments and innovations have increased risks of money laundering via payment and forex systems.
Capital / Liquidity
China Joins US in Leading Bank Profitability as Capital Shortfalls All but Disappear
By Samuel Riding | 13/09/2017
BIS report on Basel III finds US and China make up more than half the profits of the world’s Group 1 banks; TLAC shortfall of 12 G-SIBs tumbles to $360mn.
AML / KYC
Top PBOC Official Makes AML Powerplay
By Editors | 13/09/2017
Vice governor Yin Yong says central bank to ‘centralise’ work amid concerns about sanctions risk and meeting stricter international standards.
AML / KYC
Vietnam Central Bank Confesses Risk Monitoring, Inspection, Anti-corruption Failures
By Editors | 12/09/2017
Government Inspectorate says SBV should take action against individuals named in report; provincial and administrative units reminded to report all criminal activity.
AML / KYC
Philippines Banker Indicted for Bangladesh Heist Role
By Editors | 11/09/2017
Banker accused of facilitating transfer of $14mn into fake accounts, transferring money to a single account without following KYC procedures.
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