Other Asia Pacific

Market Infrastructure

BOT Urges Faster Adoption of THOR by Market Participants

By Pongnut Thanaboonchai | 31/08/2021

The BOT’s issuance of floating rate notes referencing THOR has drawn interest from investors and helped to lower spreads in the OIS market.

Crypto / Digital Assets

Thai SEC Proposes Rules to Protect Custodied Digital Assets

By Pongnut Thanaboonchai | 30/08/2021

The SEC has proposed new additional requirements for digital asset businesses regarding the custody of clients’ assets, both fiat money and cryptocurrency.

Capital / Liquidity

Thai Bankers’ Association Agrees to Facilitate Debt Restructuring

By Editors | 26/08/2021

Bank of Thailand and the Thai Bankers ’Association have agreed on measures to facilitate debt restructuring for long-term debtors.

Market Infrastructure

Bank Indonesia Issues Framework for Open Banking

By Sanday Chongo Kabange | 26/08/2021

Under the framework, 16 banks and payment service providers will be required to adopt open API systems by June 2022.

Market Infrastructure

S. Korea, Sri Lanka Become First in APAC to Raise Interest Rates

By Editors | 26/08/2021

The BOK is looking to curb household debt and home prices. The CBSL wants to stem inflationary pressure and the depreciation of the local currency.

AML / KYC

APG Releases 2021 Typologies Report, Case Studies

By Editors | 26/08/2021

The report includes information on the risks associated with proliferation financing, Covid-19, cryptocurrencies, shell companies, and real estate.

Market Infrastructure

BSP to Roll Out Unified Data Standards for FIs by Year-End

By Ranamita Chakraborty | 25/08/2021

The framework seeks to ensure that all the information obtained by and passed through different digital channels is handled ethically.

Fintech / Regtech

BOT Confirms Plans to Pilot Retail CBDC in Q2 2022

By Sanday Chongo Kabange | 24/08/2021

The CBDC will be cash-like and non-interest-bearing, to ensure that it does not compete with deposits or cause runs on financial institutions.

Capital / Liquidity

BOT Announces Measures to Incentivise Debt Restructuring

By Pongnut Thanaboonchai | 24/08/2021

The incentive scheme involves a relaxation of capital reserve requirements through flexible implementation of classification and provisioning guidelines.