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Fintech / Regtech
BSP Grants Sixth Digital Bank Licence to PayMaya
By Editors | 20/09/2021
The seventh and final digital bank is likely to be an existing bank applying to convert into a digital bank, but approval has been delayed.
Securities / Derivatives
Montréal Exchange Extends Trading Hours to Accommodate APAC
By Editors | 20/09/2021
The Canadian derivatives exchange said it is syncing its trading hours with APAC markets to support growing investor demand.
Securities / Derivatives
CSE Launches New OTC Platform for Corporate Debt Repo
By Duruthu E Chandrasekera | 20/09/2021
The new platform will enhance the repo trading mechanism and facilitate a buildup of liquidity in Sri Lanka’s corporate debt market.
Market Infrastructure
BSP Instructs Banks to Proactively Transition from LIBOR
By Editors | 20/09/2021
The BSP is not looking to prescribe specific alternative reference rates for use by Philippine banks, saying these choices should be market-driven.
Fintech / Regtech
BOT to Embrace Digital Technology in Regulatory Approach
By Pongnut Thanaboonchai | 18/09/2021
The BOT will promote open data and infrastructure to facilitate SME access to credit. The sandbox rules will also be updated.
Crypto / Digital Assets
Laos Authorises Six Companies for Crypto Mining, Trading
By Editors | 18/09/2021
Government ministries will work with the central bank and national power utility to decide on rules governing the use of cryptocurrencies.
Market Infrastructure
BSP Directs Payment Systems to Adopt PFMI Standards
By Editors | 18/09/2021
Designated payment systems are expected to demonstrate adequate governance and risk management arrangements in line with the PFMI.
Securities / Derivatives
Sri Lanka: CSE to Allow Fundraising in Foreign Currencies
By Duruthu E Chandrasekera | 18/09/2021
Sri Lankan companies will be allowed to raise debt and equity in foreign currency on the Colombo Stock Exchange. A new benchmark index is also being launched.
Enforcement
Philippine Lawmaker Introduces Bill to Tackle Rising Cybercrime
By Ranamita Chakraborty | 17/09/2021
The bill requires banks and non-bank FIs to “exhaust all means to ensure that victims are able to recover their monetary loss, if any”.
Market Infrastructure
India’s UPI to Extend QR Payments to 10 Asian Markets
By Ranamita Chakraborty | 17/09/2021
Users of NPCI’s BHIM mobile app will be able to make UPI QR-based payments at merchants progressively across north and southeast Asia from early 2022.
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