ADVERTISEMENT
Fintech / Regtech
Five ASEAN Central Banks to Link Payment Systems
By Editors | 21/07/2022
The central banks of Indonesia, Malaysia, the Philippines, Singapore and Thailand will formally sign an agreement on payment connectivity in November.
Myanmar Central Bank Orders Halt to Foreign Debt Payments
By Editors | 21/07/2022
An exemption from requirements to convert FX into the kyat has also been reversed for companies with foreign minority ownership.
OJK Indonesia Strengthens Regulations on Market Conduct
By Editors | 20/07/2022
The regulation focuses on ensuring consumers are provided information about financial products and services in a clear, accurate, correct, and easily accessible manner.
AML / KYC
India, Indonesia to Work Towards Establishing Payment Linkages
By Editors | 20/07/2022
The RBI and Bank Indonesia will cooperate in areas such as cross-border payments, digital innovation, and AML/CFT.
ESG / Sustainability
Quarter of ASEAN Companies Disclosing Climate Risk Strategy
By ESG Investor | 19/07/2022
Most companies are reporting their emissions, but climate-related targets remain vague, says GRI.
Capital / Liquidity
Pakistan Sets January 2023 Deadline for IFRS 9 Adoption
By Editors | 18/07/2022
IFRS 9 will prompt a one-off increase in banks’ loan-loss provisioning, diminishing shareholder capital. Banks will also be pressured by increased taxes.
AML / KYC
Fraudulent Transactions Cost 4x the Loss Amount on Average
By Editors | 14/07/2022
Every $1 lost to fraud costs organisations an average of $3.99 in APAC, and around $6.33 for digital banks and alternative lenders, LexisNexis Risk Solutions finds.
Fintech / Regtech
Cambodia Establishes Common National Standard for QR Payments
By Editors | 12/07/2022
NBC intends to use the new KHQR system to facilitate cross-border payments within the region in future.
ESG / Sustainability
Bangladesh Infrastructure Loans to Require E&S Assessments
By Editors | 11/07/2022
Environmental and social impact assessments will have to be arranged by borrowers and submitted with their loan applications.
Bangladesh Imposes 100pc Margin Requirement on Luxury Imports
By Editors | 09/07/2022
Banks may not lend importers funds to meet the 100 percent LC margin requirement, which applies to a broad range of luxury imports.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team