Other Asia Pacific

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.

Fintech / Regtech

Regulators Must Keep Pace with Technology to Manage Systemic Risks

By Nithya Subramanian | 23/11/2023

With frauds and crimes getting sophisticated, institutions and regulators need to assume an increased level of responsibility, said Deborah Young.

China, Cambodia Sign Yuan Clearing Agreement

By Mark Johnston | 23/11/2023

The PBOC and the NBC have signed a memorandum of cooperation to facilitate financial transactions in yuan and enhance economic ties.

Crypto / Digital Assets

‘Standardisation’ Key to Regulating Tokenised Financial Assets 

By Jill Wong | 22/11/2023

The tokenisation of financial assets should be guided by regulations that emphasise the ability to predict cash flows, says Ralf Kubli of the Casper Association.

ESG / Sustainability

GRI, IFRS Tackle Sustainability Reporting Challenges with New Platform

By Ranamita Chakraborty | 21/11/2023

The Sustainability Innovation Lab in Singapore will support businesses in adapting to new reporting requirements, said GRI CEO Eelco van der Enden and ISSB Chair Emmanuel Faber.