OTHER ASIA PACIFIC

    AML / KYC

    Malaysia Central Bank to Finalise e-KYC Standards

    By Editors | 11/09/2017

    BNM governor has said the central bank intends to operationalise industry-wide e-KYC from next year; regulations for use in remittances to come soon.

    Capital / Liquidity

    Don’t Expect New EU Equivalency Decisions for Asia

    By Samuel Riding | 07/09/2017

    Ben Pott, head of government affairs at NEX Group, suggests Brexit and the time taken to resolve US-EU CCP issue, make equivalency rulings unlikely.

    Capital / Liquidity

    Philippine Central Bank Strengthens Compliance Standards

    By Editors | 28/08/2017

    Chief compliance officer must be full-time, boards given overarching responsibility; foreign banks must translate all documents into English.

    Fintech / Regtech

    Philippines Central Bank to Embrace Regtech

    By Samuel Riding | 21/08/2017

    Regtech to include API for FIs’ reporting; BSP to push financial services firms to improve cyberdefences; two bitcoin exchanges get regulatory approval.

    Fintech / Regtech

    Open Banking: A Roadmap for What’s to Come

    By Stuart Fuller | 17/08/2017

    A roadmap is useful when you get to a junction, where the path is unknown, and the choices are plenty. In the world of data, there are many junctions.

    Capital / Liquidity

    Malaysia Launches Leverage Ratio Consultation

    By Editors | 17/08/2017

    Banks will be required to calculate leverage ratios as of June 30 this year in response to consultation before full requirement comes into effect.

    Fintech / Regtech

    APAC FIs Face Shortage of Cyber Crimefighters

    By Samuel Riding | 16/08/2017

    Deloitte says regulators in the region also need to take a more joined-up approach as financial institutions outsource to jurisdictions with looser regimes.

    AML / KYC

    Philippines Removed from AML/CTF Blacklist

    By Samuel Riding | 16/08/2017

    Asia / Pacific Group also removes Pakistan, Taiwan and Vietnam from list of closely monitored countries after improvements in AML/CTF regimes.

    AML / KYC

    Pakistan’s Central Bank Releases Compliance Risk Management Guidelines

    By Garima Chitkara | 10/08/2017

    State Bank of Pakistan guidelines to promote a “compliance culture” in banks and encourage the adoption of a risk-focused approach to compliance.

    Market Infrastructure

    Thai Bank Governor Calls for Greater Financial Connectivity Across Region

    By Garima Chitkara | 10/08/2017

    Central bank governor made comments during the opening ceremony of the Asian Financial Cooperation Association.

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