ADVERTISEMENT
Fintech / Regtech
Philippines: BSP Has 11 Digital Bank Applications to Review
By Editors | 12/09/2021
Two applications were already under review. Nine new applications were received before the deadline. Only two more licences may be up for grabs.
Market Infrastructure
CBSL Governor Steps Down as Sri Lanka Faces FX Crisis
By Editors | 12/09/2021
Sri Lanka has imposed import restrictions to limit foreign currency outflows, while also borrowing more internationally to bolster its reserves.
Fintech / Regtech
Thailand to Revoke Huobi Digital Asset Exchange Licence
By Pongnut Thanaboonchai | 12/09/2021
Huobi was not able to fix deficiencies in its systems within various timelines stipulated by the SEC.
AML / KYC
Philippine AMLC Asks Firms to Provide UBO Information in STRs
By Sanday Chongo Kabange | 10/09/2021
The FATF action plan requires the Philippines to enhance and streamline law enforcement agencies’ access to accurate and up to date beneficial ownership information.
Market Infrastructure
Sri Lanka Passes New SEC Act to Bolster Capital Market
By Duruthu E Chandrasekera | 09/09/2021
SEC chairman Viraj Dayaratna described the new law as “futuristic”, saying it will help to increase market liquidity and attract foreign investment.
Market Infrastructure
China, Indonesia Launches Local Currency Settlement Framework
By Sanday Chongo Kabange | 08/09/2021
Bank Indonesia has also recently expanded its local currency settlement frameworks with Japan, Malaysia and Thailand.
Capital / Liquidity
OJK Indonesia Extends Debt Restructuring Relief for One Year
By Editors | 07/09/2021
Banks are still required to ensure adequate risk management procedures are in place and that only debtors who are eligible are given the option to restructure their debt.
Capital / Liquidity
Bank Indonesia Raises Mandatory MSME Lending Thresholds
By Pongnut Thanaboonchai | 07/09/2021
The mandatory minimum MSME lending requirements will be increased in phases. Lenders that fail to meet the thresholds will face a maximum penalty of IDR 5 billion.
Securities / Derivatives
Thai SEC Proposes to Streamline Bond Issuance Regulations
By Pongnut Thanaboonchai | 07/09/2021
Under the amendments, debt instruments must be issued within 6 months from the date the filing is approved, the SEC said.
ESG / Sustainability
Philippine SEC to Make Sustainability Reporting Mandatory
By Editors | 06/09/2021
Publicly listed companies will be required to submit sustainability reports separate from their annual reports from 2023.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.