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Reporting & Disclosures
Sri Lanka SEC, CSE Sign MOU with Accounting Body on ESG
By Duruthu E Chandrasekera | 08/09/2022
MOUs with CFA Society and CA Sri Lanka were signed as a prelude to the establishment of an ESG index by the CSE.
Climate Risk
Climate-focused PE Body Launches APAC Chapter
By ESG Investor | 08/09/2022
Expansion aims to support private markets efforts to reduce GHG emissions and speed-up net zero transition.
Emerging Prudential Risks
Sri Lanka to Face Challenges Implementing IMF Conditions
By Duruthu E Chandrasekera | 07/09/2022
Economists say the package will not be a panacea for Sri Lanka’s problems, with the economy already shrinking due to policies recommended by the IMF.
Payments & Settlements
Bangladesh Bank to Enable FX Clearing via RTGS System
By Editors | 01/09/2022
Banks can clear USD, GBP, EUR, CAD and JPY through the RTGS system starting from 4 September. CNY clearing will be allowed “soon”.
Conduct, Culture & Accountability
Bangladesh NBFIs to Require Approval for All Director Appointments
By Editors | 31/08/2022
The move is aimed at strengthening corporate governance, following a string of frauds and loan scandals in the NBFI sector.
Trading & Investment
Sri Lanka Launches Third Phase of Capital Market Digitisation
By Duruthu E Chandrasekera | 30/08/2022
SEC chairman Viraj Dayaratna said the CSE will introduce new products, including paper gold, SPACs, Islamic products, structured warrants and green bonds.
Payments & Settlements
Indonesia, Singapore Commence Work on QR Payment Link
By Manesh Samtani | 29/08/2022
Bank Indonesia also launched the “international QRIS”, initially connecting to Thailand’s payment system, and have a retail CBDC in the works.
Anti-Money Laundering
Myanmar Warns Against Illegal Foreign Exchange Trading
By Mark Johnston | 29/08/2022
The central bank warned that serious action will be taken against online businesses that are found to be illegally buying and selling foreign currencies.
Anti-Money Laundering
Bangladesh Bank Intensifies Crackdown on Illegal FX Transactions
By Mark Johnston | 29/08/2022
Dozens of money changers are being investigated for money laundering. Several banks are accused of making “excessive” profits from dollar sales.
Fraud, Scams & Cybercrime
Addressing Fraud Risk Requires Multi-Pronged Approach – Report
By Editors | 29/08/2022
NICE Actimize and Regulation Asia have published a new white paper exploring the banking industry’s response to fraud and online scams in APAC.
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