OTHER ASIA PACIFIC

AML / KYC

APAC Regulators Form New Anti-Scam Working Group

By Sanday Chongo Kabange | 04/06/2024

ASIC will lead the working group, which also comprises MAS and the FMA. The regulators will share more scam-related information and build up capacity and cooperation.

Fintech / Regtech

Bangladesh Bank Grants First Digital Banking Licence

By Editors | 03/06/2024

The licence was granted to Nagad Digital Bank, which first approached Bangladesh Bank about a digital bank licence in 2020.

AML / KYC

APAC FIUs Launches Regional Intelligence Sharing Platform

By Sanday Chongo Kabange | 03/06/2024

The new platform will allow for real-time sharing of information, case studies and technologies among Australasian and ASEAN FIUs.

Fintech / Regtech

Korean Banks & Cambodia to Jointly Develop QR Payment System

By Editors | 16/05/2024

The NBC signed MoUs with Korea’s JB Bank, Kookmin Bank and Woori Bank to develop the cross-border QR code payment system.

Market Infrastructure

Sri Lanka to Shorten Equities Settlement Cycle from 10 June

By Editors | 16/05/2024

The CSE said it has amended the clearing house rules to facilitate the shortening of the settlement cycle from T+3 to T+2.

Market Infrastructure

ASEAN+3 Ministers Approve New Rapid Financing Facility

By Editors | 06/05/2024

The Rapid Financing Facility will enable ASEAN+3 countries to access emergency financing during periods of urgent balance of payments needs.

Big Picture

Risks in APAC Private Credit Sector are Limited: HKMA Research

By Manesh Samtani | 03/05/2024

However, further monitoring is warranted as private credit funds are increasingly open-ended, using leverage, and loosening their underwriting standards.

Fintech / Regtech

Thailand to Launch Cross-border QR Payment Link with India

By Nithya Subramanian | 30/04/2024

The payment link with India is expected to roll out in Q3. BOT is aiming to become a multinational payment network.

Market Infrastructure

Last Stretch to T+1: Identifying Potential Bumps for Firms in Asia

By Nellie Dagdag | 30/04/2024

Nellie Dagdag says May 28th is not the end date for T+1 preparations; rather it is an awakening date for appreciation of the benefits of accelerated settlement.