Other Asia Pacific

AML / KYC

In Conversation With Siddhant Sahai, Deutsche Bank

By Bradley Maclean | 15/02/2022

Siddhant Sahai says a greater focus on inter-bank relationship monitoring and timely sharing of information are needed to truly address financial crime risks.

Market Infrastructure

IDX to Enhance Stock Options Trading Infrastructure

By Editors | 13/02/2022

IDX has suspended stock options trading in the interim. It is also planning to launch new ETF, futures and structured warrant products this year.

Capital / Liquidity

NBC Requiring Lenders to Recognise & Provision Against NPLs

By Sanday Chongo Kabange | 08/02/2022

As relief measures end this month, Cambodian lenders will have to set aside appropriate provisions for nonperforming loans.

Capital / Liquidity

CBSL Says NBFI Consolidation is Strengthening the Sector

By Duruthu E Chandrasekera | 07/02/2022

Nine NBFIs have introduced fresh capital, while another 12 entities have received preliminary approvals for consolidation, the CBSL said.

Fintech / Regtech

More Banks Join Indonesia’s New Fast Payments System

By Sanday Chongo Kabange | 07/02/2022

BI-Fast launched in December with an initial 21 entities; 21 additional banks and Indonesia’s CSD have now also enrolled.

Fintech / Regtech

Myanmar Military Government Seeks to Launch Digital Currency

By Editors | 07/02/2022

Myanmar’s military regime is reportedly considering issuing a digital currency as a joint venture with local companies.

AML / KYC

Australian Billionaire Launches Criminal Proceedings Against Facebook

By Editors | 06/02/2022

Fortescue Metals Group chairman Andrew Forrest alleges that Facebook broke AML laws by failing to prevent crypto scams from being advertised on its platform.

Securities / Derivatives

Sri Lankan Bourse to Revise IPO Allotment Rules

By Duruthu E Chandrasekera | 04/02/2022

The new rules are aimed at ensuring greater transparency and fairness for retail investors in the allotment of IPO shares.

Sri Lanka Increasingly Vulnerable Amid Depleting FX Reserves

By Duruthu E Chandrasekera | 02/02/2022

Sri Lanka is seeking advice from the IMF and credit from China, India, Pakistan and Australia, while the central bank offers to pay migrant workers for FX inflows.