Other Asia Pacific

Fintech / Regtech

China, Vietnam Sign MOU on Cross Border Payment Connectivity

By Editors | 22/08/2024

The PBOC and SBV signed an MOU focusing on local currency settlement, currency swaps, and cross-border payment connectivity.

ESG / Sustainability

BSP, NBC to Cooperate on Payment System Connectivity, Digital Finance

By Sanday Chongo Kabange | 22/08/2024

The central banks will collaborate on payment connectivity, digital finance innovation, AI, cyber security, and sustainable finance.

Market Infrastructure

Transitioning to T+1 Settlement: Lessons for Asian Firms

By Nithya Subramanian | 22/08/2024

Asia Pacific jurisdictions are increasingly considering moving to a T+1 securities settlement cycle following the US move in May, says DTCC’s Val Wotton.

AML / KYC

Banks Exercise Caution in Transition to AI-Based AML Systems

By Bradley Maclean | 20/08/2024

Participants at a recent Regulation Asia roundtable in Hong Kong expressed caution, but also optimism, about the use of AI for AML purposes.

AML / KYC

Myanmar Charges Tycoon Over Use of Scam Centre Proceeds

By Editors | 18/08/2024

The former executive chair of privately owned Yoma Bank allegedly used criminal proceeds from online scam centres to invest in a real estate project.

Fintech / Regtech

Vietnam: HoSE Launches New Reporting System for Listed Companies

By Editors | 16/08/2024

HoSE emphasised the importance of ensuring submissions are accurate, comprehensive, and comply with reporting specifications.

Capital / Liquidity

Bangladesh Banking Sector Facing Elevated Risks: S&P Global Ratings

By Manesh Samtani | 14/08/2024

S&P Global Ratings says ongoing reforms could be delayed, liquidity will remain tight, and asset quality vulnerabilities will pressure banks.

Capital / Liquidity

Bank of Laos to Establish Centralised Foreign Exchange Market

By Editors | 14/08/2024

The central bank signed an MoU with 15 banks to establish the new platform, which will help the country move away from informal currency exchange channels.

Sanctions

US Lawmakers Call for Sanctions on Bangladeshi Officials

By Editors | 12/08/2024

Six lawmakers are calling for sanctions on two Bangladeshi officials who were responsible for the use of “disproportionate, unlawful force” to suppress protesters.