OTHER ASIA PACIFIC

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    Capital / Liquidity

    Sri Lanka Directs Banks to Set Up Business Revival Units

    By Ajoy K Das | 04/04/2024

    Licensed banks are required to establish BRUs by mid-May 2024, and be fully compliant with the new CBSL guidelines by 1 July 2024.

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    Market Infrastructure

    Brunei and Laos Join ASEAN Payment Connectivity Initiative

    By Nithya Subramanian | 04/04/2024

    The addition of Brunei and Laos brings the ‘Regional Payment Connectivity’ group to a total of eight ASEAN central banks.

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    Fintech / Regtech

    Thailand, Laos Launch Cross-border QR Payment Link

    By Nithya Subramanian | 04/04/2024

    Thailand has implemented cross-border payment linkages with five other ASEAN nations: Cambodia, Indonesia, Malaysia, Singapore, and Vietnam.

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    Securities / Derivatives

    Vietnam Working to Boost Foreign Participation in Stock Market

    By Editors | 04/04/2024

    The SCC is looking to eliminate the pre-trade 100% margin requirement for foreign investors, expand foreign ownership limits, and mandate English disclosures.

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    Vietnam Brokerage Resumes Trading Following Week Long Outage

    By Editors | 02/04/2024

    Vietnam’s third-largest securities broker was disconnected from the market for six days due to a cyber attack by international hackers.

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    Securities / Derivatives

    Bangladesh Extends Deadline for Higher Provisions on Unrealised Losses

    By Ajoy K Das | 01/04/2024

    The extension was granted in response to fears that provisioning requirements based on the International Accounting Standards could lead to forced selling in the market.

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    ESG / Sustainability

    ASEAN Releases Version 3 of Sustainable Finance Taxonomy

    By Editors | 31/03/2024

    Version 3 introduces TSC for two more focus sectors, namely transportation & storage and construction & real estate.

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    ESG / Sustainability

    Gprnt, Ant International Partner to Support MSME Sustainability Reporting

    By Ranamita Chakraborty | 28/03/2024

    The partnership is part of a new industry initiative known as ‘Programme Sirius’, which aims to help MSMEs in their transition towards sustainability.

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    Capital / Liquidity

    APAC Banking Sector Well-prepared for Basel III Adoption: Fitch

    By Ranamita Chakraborty | 26/03/2024

    APAC banking groups are well-prepared due to prevailing conservative regulatory approaches and less extensive use of internal models within the region.

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    Fintech / Regtech

    Vietnam Central Bank Proposes to Introduce Regulatory Sandbox

    By Sanday Chongo Kabange | 22/03/2024

    The SBV will develop a fintech regulatory sandbox fintech for innovations relating credit scoring, open API and P2P lending.

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