Other Asia Pacific

    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.

    Securities / Derivatives

    SEC Thailand Targets 2021 Launch for New SME Board

    By Pongnut Thanaboonchai | 16/09/2021

    Only investors with experience and knowledge of investment products and a high level of assets can invest in primary and secondary markets for SMEs.

    New CBSL Governor Takes Office, Pledges to Ensure Stability

    By Duruthu E Chandrasekera | 16/09/2021

    The changes at the CBSL come as Sri Lanka faces depleting foreign exchange reserves and a weakening currency.

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