Other Asia Pacific

ESG / Sustainability

Banking on a Sustainable Future

By Editors | 27/07/2022

Organisastions are faced with the challenge of understanding the nuances of regulations and ensuring they have sufficient capacity to apply them in daily business activities.

Capital / Liquidity

Bangladesh Creates New Refinance Scheme for Small Business

By Editors | 23/07/2022

At least 75 percent of the BDT 250 million scheme will be disbursed among cottage, micro and small entrepreneurs, and 25 percent to medium sized enterprises.

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.