Other Asia Pacific

Fintech / Regtech

APAC Regulators Form New Forum to Address Cloud Risk

By Sanday Chongo Kabange | 06/04/2023

MAS assistant managing director Vincent Loy said the twice-a-year forum will help APAC regulators and CSPs ensure greater resilience of cloud adoption in the financial sector.

Capital / Liquidity

IMF Bailout Presents Uncertain Outcome for Sri Lanka’s Banks

By Duruthu E Chandrasekera | 04/04/2023

The IMF estimates the banking sector recapitalisation needs around 6 percent of 2022 GDP. Local banks so far have opposed a domestic debt restructuring.

Market Infrastructure

ASEAN to Reduce Reliance on Major Currencies to Safeguard Stability

By Editors | 02/04/2023

ASEAN finance ministers and central bank governors agreed to increase usage of local currencies for trade settlements.

ESG / Sustainability

Version 2 of ASEAN Sustainable Finance Taxonomy Released

By Editors | 28/03/2023

Version 2 highlights the importance of social aspects, expands the DNSH criteria, and recognises efforts to retire coal plants early.

Fintech / Regtech

BIS Innovation Hub Completes Project Nexus Proof-of-Concept

By Editors | 23/03/2023

The next phase of Nexus will connect the instant payment systems of Singapore, Indonesia, Malaysia, Philippines and Thailand.

Crypto / Digital Assets

Mastercard Working on Integration to Enable Stablecoin Spending

By Sanday Chongo Kabange | 21/03/2023

The Mastercard-Stables project will allow users to spend stablecoin balances on everyday purchases without first converting it to fiat.

ESG / Sustainability

ASEAN Regulators to Strengthen Collaboration with ISSB

By Editors | 21/03/2023

The ASEAN Capital Markets Forum will release v2 of the ASEAN Taxonomy and launch a Sustainable Finance Knowledge Hub this month.

ESG / Sustainability

APAC Firms Targeting ESG Metrics in Exec Pay “Surge” – WTW

By ESG Investor | 21/03/2023

Public companies across APAC are increasingly integrating ESG metrics into their executive remuneration programmes, says investment consultancy firm WTW.

Capital / Liquidity

IMF Approves $3b Funding Arrangement for Sri Lanka

By Editors | 20/03/2023

The Executive Board’s decision enables an immediate disbursement worth $333mn million. Sri Lanka agreed to fiscal, monetary, governance and anti-corruption reforms.