Other Asia Pacific

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.

Tax Incentives Crucial to Attracting Single Family Offices to Singapore

By Ranamita Chakraborty | 21/11/2023

The slew of sops along with the regulator’s focus on quality investors has made the city-state a preferred destination for the super-rich.

Market Infrastructure

Asian Firms Must Tackle T+1 Long Before May

By Javier Hernani Burzaco | 19/11/2023

European and APAC firms that act quickly to prepare for T+1 settlement in North America would gain a competitive advantage, writes Javier Hernani Burzaco.

Crypto / Digital Assets

Kazakhstan Launches CBDC Platform in “Pilot Mode”

By Editors | 19/11/2023

Second-tier banks and their clients can use the “digital tenge” for retail transactions and to test automated smart contracts for settlements.

Fintech / Regtech

AI To Enhance Central Banks’ Supervision: Deutsche Bundesbank

By Jill Wong | 16/11/2023

Joachim Wuermeling of the Deutsche Bundesbank says AI will help central banks do a better job in supervising banks.