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Fraud, Scams & Cybercrime
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.
Credit Risk
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.
Credit Risk
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’.
Clearing & Post-Trade
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.
Cloud & Infrastructure
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.
Anti-Money Laundering
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 Adequacy
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.
Anti-Money Laundering
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.
Credit Risk
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.
Anti-Money Laundering
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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