Other Asia Pacific

Payments & Settlements

Malaysia, Cambodia Agree to Link Payment Systems

By Editors | 05/03/2024

BNM and NBC agreed to encourage the use of local currency settlement and to link their payment systems to enable cross-border QR payments.

Liquidity Risk

Bangladesh Bank Relaxes CRR Norms for Offshore Banking

By Ajoy K Das | 05/03/2024

To facilitate foreign trade, offshore banking units will no longer be required to maintain a Cash Reserve Ratio with the central bank.

Payments & Settlements

Bangladesh Launches New System for Reporting FX Transactions

By Ajoy K Das | 04/03/2024

The FX Dashboard removes the need for banks to submit physical documents for forex transactions and will improve central bank monitoring.

Fraud, Scams & Cybercrime

NY Court Allows Bangladesh Case Against RCBC to Proceed

By Editors | 03/03/2024

Bangladesh Bank’s lawsuit against the Philippines’ RCBC and its senior executives will be allowed to proceed, minus three causes of action.

Operational Risk

CROs in Asia-Pacific Concerned About Operational Resilience: Survey

By Nithya Subramanian | 28/02/2024

The latest findings by EY and IIF revealed that bank CROs are most worried about technology risk, a key driver of operational disruptions.

Cloud & Infrastructure

Singapore FinTech Association Drives FinTech Expansion to Malaysia

By Ranamita Chakraborty | 27/02/2024

Under the new Project Tapir, Singapore Fintech companies will be supported by Malaysian venture capital firms in their expansion efforts.

Market Abuse

Vietnam Police Recommend Prosecution of HoSE, SSC Officials

By Mark Johnston | 27/02/2024

A total of 51 suspects including officials are accused of market manipulation, fraud, abuse of power, and dissemination of false information.

Conduct, Culture & Accountability

Bangladesh Bank Issues New Rules for Bank Boards

By Mark Johnston | 23/02/2024

No more than three members from a single family can be directors, who must all be aged 30 year old or above.

Anti-Money Laundering

Alternative Fund Managers Face Growing AML Risks: Study

By Ranamita Chakraborty | 22/02/2024

Several alternative fund firms faced AML fines and few were visited by regulators over money laundering concerns.