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Data Privacy
Indonesian Lawmakers Pass Personal Data Protection Law
By Editors | 28/09/2022
The law introduces GDPR-like concepts, grants data subjects greater control over their data, and allows penalties up to 2% of annual revenue.
Sustainable Finance
APAC Study Group Publishes Transition Finance Guidance
By Editors | 27/09/2022
Lenders should assess whether financed projects meet ICMA’s transition finance criteria and align with sectoral pathways identified by government or other globally recognised bodies.
Cryptocurrency
Indonesia to Tighten Rules for Crypto Exchanges – Report
By Editors | 25/09/2022
Crypto exchanges will have to post Indonesian citizens resident in the country to at least two-thirds of their board seats.
Cloud & Infrastructure
ADB Paper Offers Guidance on Building Regtech, Suptech Ecosystems
By Sanday Chongo Kabange | 25/09/2022
Central to success is a high level of commitment to a “digital first” strategy, both from the regulatory community and the wider industry.
Sustainable Finance
Bangladesh Issues Green Bond Financing Policy for Banks, NBFIs
By Mark Johnston | 24/09/2022
Banks and NBFIs can issue and invest in green bonds subject to meeting prudential, reporting and disclosure requirements.
Capital Adequacy
Basel III to Have Muted Capital Impact in APAC: Fitch
By Editors | 19/09/2022
The impact of the final rules will be much lower in APAC than in Europe and the US because APAC jurisdictions rely less on internal models, Fitch says.
Payments & Settlements
Bangladesh Allows Banks to Maintain Nostro Accounts in CNY
By Editors | 19/09/2022
The move will reduce Bangladesh’s reliance on the US dollar in foreign trade transactions and save costs for businesses.
Anti-Money Laundering
Bangladesh Considers Introducing Market-based FX Rates
By Editors | 18/09/2022
Recent rate fixing is called “discriminatory” against exporters. A new legal framework is being set out to facilitate the confiscation of unreported offshore assets.
Credit Risk
Vietnam: SBV Grants Banks Additional Credit Growth Quotas
By Editors | 17/09/2022
Vietcombank and Agribank were among those granted higher credit growth rate quotas, amid growing calls for the mechanism to be scrapped altogether.
Reporting & Disclosures
ASIFMA Offers Guidance on Identifying Labour-related ESG Risks
By Manesh Samtani | 08/09/2022
ASIFMA’s new paper says open dialogue and engagement is needed for investors to better understand the labour practices of investee companies.
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