Other Asia Pacific

Fintech / Regtech

Japan, Cambodia Agree to Establish Cross-border QR Payment Link

By Editors | 19/12/2023

Japan’s METI and Cambodia’s central bank signed an MoC establishing a framework to cooperate on cross-border payment systems using QR Code technology.

Enforcement

Bangladesh Bank Releases New PCA Framework for Commercial Banks

By Ajoy K Das | 08/12/2023

To protect the interest of depositors and ensure proper management, banks will be placed under four categories based on NPLs and CRAR.

Crypto / Digital Assets

Solomon Islands Central Bank Starts Testing CBDC

By Editors | 08/12/2023

The central bank is testing the CBDC for retail transactions, P2P transfers, interbank transactions, and cross-border payments.

ESG / Sustainability

Version 2 of ASEAN Taxonomy Affirmed by Stakeholders

By Manesh Samtani | 03/12/2023

The ASEAN Taxonomy Board said some feedback will be incorporated in the Version that will be effective in Q1 2023, and other improvements will be rolled out later.

AML / KYC

Bangladesh Allows Foreign Firms to Open FX Accounts Domestically

By Ajoy K Das | 03/12/2023

Foreign nationals, companies operating abroad, and foreign institutional investors can open and maintain FC accounts with offshore banking operations of local banks.

Market Infrastructure

Surge in Retail Investors Spurs Calls for Enhanced Derivatives Regulation

By Nithya Subramanian | 30/11/2023

Senior stock exchange officials emphasised the need for maintaining market order and product ecosystem diversity amid growing reliance on technology.

Big Picture

APG Report Calls for Stronger AML/CFT Response to Illegal Fishing

By Manesh Samtani | 30/11/2023

Governments have “low levels of understanding” on the ML/TF risks posed by illegal fishing, leading to poor AML/CFT responses.

Crypto / Digital Assets

Lessons ‘The Wealth of Nations’ Holds For DeFi 

By Jill Wong | 29/11/2023

DeFi is a disruption to markets built on financial intermediaries. How does Caspar Sauter apply traditional economic principles to running a DEX?

Myanmar Tightens Restrictions on Cash Withdrawals from Banks

By Mark Johnston | 23/11/2023

Customers are told they need to show strong evidence of need to make large withdrawals.