Other Asia Pacific

Market Infrastructure

BOT Sets Milestones for Reducing THBFIX Exposure in Derivatives

By Pongnut Thanaboonchai | 17/11/2021

By mid-2022, the total notional outstanding of THBFIX derivatives maturing after 2025 should be reduced by 50 percent compared to end-June 2021 figures.

Crypto / Digital Assets

Asia’s Payments Landscape Shines at Singapore Fintech Festival

By Mark Johnston | 16/11/2021

The Asian fintech scene witnessed a raft of new announcements at this year’s Singapore Fintech Festival held from 8-12 November 2021.

Market Infrastructure

BSP Pursues Cross Border Payment Links with Malaysia, Thailand

By Editors | 16/11/2021

The BSP has been in dialogue with ASEAN central banks including MAS, BNM and BOT to make cross-border payment flows cheaper and more seamless.

Capital / Liquidity

Thailand Relaxes Policy on Bank Dividend Payments

By Pongnut Thanaboonchai | 16/11/2021

Banks will no longer be required to cap their dividends at the previous year’s payout ratio. However, they will still have a limit set at 50 percent of 2021 net profit.

AML / KYC

US Treasury Sanctions Cambodian Officials for Corruption

By Ranamita Chakraborty | 13/11/2021

Businesses in Cambodia are warned to “be mindful of interactions with entities in corrupt business practices, criminal activities and human rights abuses”.

Fintech / Regtech

Sri Lanka Rolls Out National QR Payments Solution

By Ranamita Chakraborty | 13/11/2021

LANKAQR targets SMEs and customers will not be charged for payments made by scanning a QR code with their mobile device.

Fintech / Regtech

Indonesia Religious Council Declares Crypto Assets Forbidden

By Editors | 12/11/2021

Crypto assets as a currency are considered haram, or banned, for Muslims, according to Indonesia’s National Ulema Council.

AML / KYC

APG Re-rates Sri Lanka on One FATF Recommendation

By Editors | 11/11/2021

Sri Lanka extended its foreign exchange declaration requirements to include the full range of bearer negotiable instruments, in line with Recommendation 32.

Fintech / Regtech

Indonesia, UAE to Cooperate on Payments, Fintech, AML

By Editors | 11/11/2021

Central banks will cooperate on cross-border payments, fintech, and AML. Financial services regulators will cooperate on developing the Islamic finance industry.