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Fintech / Regtech
Singapore, Indonesia to Deepen Cooperation on Payments, AML
By Editors | 22/01/2022
MAS and Bank Indonesia will deepen cooperation on payments innovation, monetary policy, macroprudential policy, financial stability, and AML/CFT.
Bangladesh Bank Issues New CSR Guideline for Banks
By Sanday Chongo Kabange | 21/01/2022
Banks and FIs should spend at 20 percent of their CSR funds on the environment and climate change mitigation and adaptation, up from 10 percent previously.
ESG / Sustainability
OJK Indonesia Launches Green Taxonomy, Sets Policy Priorities
By Manesh Samtani | 21/01/2022
OJK says the taxonomy will enable the financial sector to classify green activities within their portfolios, facilitate monitoring of credit and investment flows into the green sector, and prevent greenwashing.
Securities / Derivatives
BSEC Mulls Rule Changes to Allow IPOs from Loss-making Firms
By Ranamita Chakraborty | 19/01/2022
The BSEC is working to set a new method for valuing technology startups with high growth potential to enable them to list on the stock market.
Vietnam, Laos to Step Up Cooperation in Banking Supervision
By Editors | 18/01/2022
The SBV and BOL will cooperate on the sharing of information, cross-border banking supervision, on-site examinations, and crisis management.
UOB to Acquire Citi Consumer Banking Units in Four Markets
By Manesh Samtani | 17/01/2022
The transaction is estimated to reduce UOB’s CET1 ratio by 70 basis points to 12.8 percent, which is considered not material and “well within regulatory requirements”.
CBSL Issues Corporate Governance Rules for Finance Companies
By Duruthu E Chandrasekera | 12/01/2022
Directors must undergo annual performance assessments and impose measures to limit related party transactions and manage conflicts of interest.
Market Infrastructure
Indonesia: OJK Outlines Capital Market Priorities for 2022
By Mark Johnston | 11/01/2022
OJK will work on developing a carbon exchange at IDX, new derivative instruments, and central clearing infrastructure.
CBSL Orders Banks to Surrender More Foreign Currency
By Duruthu E Chandrasekera | 03/01/2022
The CBSL has raised the amount of foreign currency banks have to sell to the central bank from 10 to 25 percent of inward remittances and export proceeds.
Market Infrastructure
Sri Lanka Takes Step Forward on CCP Establishment
By Duruthu E Chandrasekera | 03/01/2022
A newly-formed committee will identify the CCP’s operating model and propose the necessary procedures for its establishment, including procurement.
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