Other Asia Pacific

Capital / Liquidity

Bangladesh Bank Issues New Rules on Loan Classification, Provisioning

By Mark Johnston | 29/11/2024

The new guidelines introduce an ECL methodology-based provisioning system in line with IFRS 9, to be fully implemented by 2027.

Enforcement

Vietnam Property Tycoon Asked to Repay $11b to Avoid Execution

By Nithya Subramanian | 28/11/2024

Under Vietnamese law, if Lan can return three-quarters of the embezzled assets, the jury can consider a reduction in her sentence.

ESG / Sustainability

ASEAN Stock Exchanges to Issue RFI to Develop ESG Data Infrastructure

By Nithya Subramanian | 27/11/2024

The effort aims to enhance ESG data standardisation, attract global investors, and position ASEAN as a hub for sustainable development.

Fintech / Regtech

APAC Regulatory Environment for GenAI Needs to Remain Flexible

By Eugene Goyne | 15/11/2024

As the use cases for GenAI in the financial sector grow, regulators will play a critical role in how GenAI applications are shaped and brought to market.

AML / KYC

Vietnam: SBV to Establish New Anti-Money Laundering Department

By Editors | 12/11/2024

The new department is part of amendments to the functions, missions, authority and organisational structure of the State Bank of Vietnam.

AML / KYC

Asian FinTech Associations Sign MoU on Anti-fraud Collaboration

By Editors | 12/11/2024

14 Asian FinTech associations signed an MoU last week at an event hosted in Taiwan to enhance collaborations in anti-fraud.

ESG / Sustainability

Bangladesh Bank Increases Green Lending Targets to Support SDGs

By Nithya Subramanian | 12/11/2024

From 2025, banks will be required to allocate 40% of their net outstanding loans to green and sustainable ventures.

Fintech / Regtech

NETS, Liquid Group Announce Expanded SGQR+ Services

By Nithya Subramanian | 11/11/2024

The expansion of services by NETS and Liquid Group follows the successful POC launch of SGQR+ by the MAS last November.

Fintech / Regtech

Bangladesh Bank Directs FIs to Enhance Cyber Defences

By Nithya Subramanian | 05/11/2024

The recommended measures include robust authentication protocols, AI-driven monitoring and enhancements to access control systems.