Other Asia Pacific

Market Infrastructure

Vietnam to Launch New Securities Trading System in December

By Editors | 26/08/2023

The new system has already been delayed several years due to the Covid-19 pandemic and other factors. Securities firms are still behind schedule on testing.

Sri Lanka Issues New Consumer Protection Regulations

By Duruthu E Chandrasekera | 24/08/2023

Aggressive sales practices, abusive debt recovery practices, and excessive fees and interest charges are prohibited.

Enforcement

BSEC Forms Committee to Investigate Stock Market Rumours

By Mark Johnston | 24/08/2023

Recent rumours have involved the removal of the floor price, the resignation of BSEC’s chairman, and institutional investor sell-offs.

AML / KYC

China, Thailand, Myanmar, Laos Launch Joint Police Operation

By Editors | 22/08/2023

Police from the four countries have launched a special joint operation to crack down on illegal gambling, fraud, human trafficking and other crimes.

Fintech / Regtech

Cambodia, Laos Launch Cross-border QR Payment Link

By Editors | 21/08/2023

A second phase of the cross-border payments link between Cambodia and Laos is expected to launch in Q4 2023.

Fintech / Regtech

Bangladesh Bank Receives 52 Digital Bank Licence Applications

By Editors | 20/08/2023

The number of applications substantially exceeds projections by Bangladesh Bank, which initially intends to only grant two or three licences

AML / KYC

Bangladesh’s Sonali Bank Freezes Accounts of Myanmar State Banks

By Editors | 18/08/2023

The move was made in response to direct requests from US authorities, who sanctioned two of Myanmar’s state-owned banks in June.

Market Infrastructure

Bangladesh Defends Against Nationwide Cyber Attacks

By Mark Johnston | 17/08/2023

Several warnings were issued in the lead-up to Tuesday’s attacks. 25 public and private institutions are reported to have been breached.

Securities / Derivatives

Cambodia, Laos to Collaborate on Securities Market Development

By Mark Johnston | 15/08/2023

Cambodia, Laos securities market regulators agree to collaborate to develop the securities markets in their respective countries.