Other Asia Pacific

Fraud, Scams & Cybercrime

Vietnam Rushes to Finalise Regulatory Framework for Fintech Activities

By Mark Johnston | 17/04/2022

The SBV has warned of fraud incidents involving e-wallets and asks banks to monitor the use of data by fintechs until the new regulatory framework is in place.

Trading & Investment

BSEC Tightens Circuit Breaker Limit for Dhaka SME Board

By Editors | 15/04/2022

The SME board commenced trading last October and has seen volume spikes as a result of a waiver from a requirement for traders to register.

Reporting & Disclosures

Bangladesh Bank Issues Revised CSR Reporting Form

By Mark Johnston | 14/04/2022

The new reporting form introduces a requirement to disclose whether banks and NBFIs are using external agencies, foundations or other third parties to conduct their CSR activities.

Emerging Prudential Risks

ASEAN Ministers, Central Banks Prioritise Financial Stability, Inclusion

By Sanday Chongo Kabange | 14/04/2022

Finance ministers and central bankers have committed to promoting financial stability, financial inclusion and banking integration in the ASEAN region.

Resolution & Recovery

Sri Lanka to Temporarily Stop Servicing Foreign Debt

By Manesh Samtani | 14/04/2022

The government is suspending repayment of foreign debt pending the completion of a loan restructuring programme with the IMF.

Trading & Investment

Indonesia Stock Exchange to Allow Structured Warrant Listings

By Editors | 13/04/2022

New regulations allow exchange members to issue structured warrants for listing and trading on the IDX. Structured warrants must have a liquidity provider.

Operational Risk

Controls at Vietnam Banks to Be Subject to Independent Audit

By Editors | 12/04/2022

Internal control systems at credit institutions and foreign bank branches in Vietnam will be subject to independent auditing, according to a new circular.

Structural Regulation

Bangladesh Bank Commences Work on Digital Bank Framework

By Editors | 12/04/2022

The new regulatory guidelines will require digital banks to hold the same levels of capital as conventional banks.

Cryptocurrency

Indonesia to Start Taxing Crypto Investments, Fintech Services in May

By Editors | 10/04/2022

Indonesia will charge a capital gains tax and VAT on crypto transactions, as well as interest and fees generated from fintech services, starting on 1 May 2022.