Other Asia Pacific

    Market Infrastructure

    Vietnam Securities Market to Move to T+2 Settlement Cycle

    By Editors | 06/07/2022

    Under draft regulations, clearing banks will have to complete payment and securities settlement between 11.30am and 12.30pm on T+2.

    AML / KYC

    Bangladesh Grants Amnesty for Repatriation of Offshore Assets

    By Editors | 04/07/2022

    The government will provide amnesty for those that choose to repatriate their offshore assets to Bangladesh and pay a 7% tax.

    Crypto / Digital Assets

    Binance to Help Cambodia Develop Crypto Regulatory Framework

    By Editors | 04/07/2022

    Binance signed an MoU with Cambodia’s securities regulator to support the development of a legal framework for regulating digital asset businesses.

    Foreign Bondholder Files Suit Against Sri Lanka Over Default

    By Duruthu E Chandrasekera | 29/06/2022

    Sri Lanka’s prime minister Ranil Wickremesinghe expects to have a debt restructuring agreement with the IMF in place by late July.

    Capital / Liquidity

    BIS Launches Yuan Liquidity Facility for Central Banks

    By Editors | 28/06/2022

    Central banks from China, Hong Kong, Singapore, Malaysia, Indonesia and Chile are creating a reserve pool to guard against market stresses.

    Crypto / Digital Assets

    Japan’s Soramitsu to Study CBDC in Vietnam, Fiji, Philippines

    By Editors | 27/06/2022

    Japan’s METI has selected Soramitsu to conduct CBDC feasibility studies in other APAC countries, building on its work in Cambodia and Laos.

    Securities / Derivatives

    OJK Indonesia Restricts Stock Trading by Finance Companies

    By Editors | 25/06/2022

    Indonesia’s OJK also introduced new reporting requirements for securities companies conducting business as underwriters and broker-dealers.

    AML / KYC

    Myanmar Considers Joining SPFS, Russia’s SWIFT Alternative

    By Editors | 21/06/2022

    Myanmar is negotiating the possibility of joining SPFS, an alternative to SWIFT, as well as the use of Russian Mir cards in Asia.

    Capital / Liquidity

    Vietnam to Drive Bank Mergers to Enhance Competitiveness

    By Mark Johnston | 21/06/2022

    The government has approved a project that will require banks have a capital adequacy ratio of at least 10-11 percent by 2023 and 11-12 percent by 2025.

    Securities / Derivatives

    BSEC Prepares to Allow Loss-making Startups to List on Bourses

    By Editors | 19/06/2022

    Rule changes will allow loss-making companies to determine their offer price premium based on projected business growth.

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