Other Asia Pacific

ESG / Sustainability

How will Asia be Impacted by the EU Deforestation Regulation?

By Ranamita Chakraborty | 02/08/2023

Asia’s rapidly eroding forests are in the limelight following the EU Deforestation Regulation passed in April 2023. How will the regulation affect Asia?

Market Infrastructure

Bangladesh Halts InterBank Transactions Due to RTGS System Glitch

By Editors | 01/08/2023

Bangladesh’s RTGS system faced technical issues, halting inter-bank transactions. Transactions through the RTGS system resumed the next day.

AML / KYC

SBV Issues Circular on Money Laundering Prevention and Control

By Mark Johnston | 01/08/2023

The circular specifies the obligations of reporting entities, including obligations to report high-value and suspicious transactions.

Big Picture

Publicly Traded Companies Globally Fall Short in Codes of Conduct: Study

By Ranamita Chakraborty | 27/07/2023

LRN’s study on 200 top-traded companies in Asia, Europe and North America found that only 17 percent of them had highly effective codes of conduct.

Sri Lanka Designates Indian Rupee as Permitted Currency

By Duruthu E Chandrasekera | 25/07/2023

Travellers from India will be able to directly use INR in Sri Lanka. Trade settlements between the two countries can also occur in INR.

Capital / Liquidity

Sri Lanka Approves New Central Bank Act

By Duruthu E Chandrasekera | 24/07/2023

A separate governing board will be formed in addition to the monetary policy board to improve bank oversight and reduce conflicts of interest.

Fintech / Regtech

India, Sri Lanka Sign UPI Acceptance Agreement

By Editors | 24/07/2023

India and Sri Lanka signed a network-to-network agreement to enable UPI acceptance in Sri Lanka.

Market Infrastructure

Vietnam Launches New Bond Trading Platform at HNX

By Editors | 20/07/2023

The system will also support businesses in mobilising mid and long-term capital, helping them reduce their dependence on bank credit.

AML / KYC

BSEC Chairman Under Scrutiny for Links to International Fraud

By Manesh Samtani | 17/07/2023

BSEC chairman Shibli Rubayat ul Islam allegedly received $800,000 in payments from accounts linked to a $13mn fraud against Hong Kong-based Ming Global.