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Market Infrastructure
BOT Directs Banks to Prepare for New Data Protection Law
By Pongnut Thanaboonchai | 03/09/2021
The Thai Bankers’ Association has issued guidelines for banks on handling personal data protection in compliance with the Personal Data Protection Act.
UPDATED – Bangladesh Banks Ordered to Block E-commerce Payments
By Editors | 03/09/2021
Bangladesh Bank has directed banks to block e-commerce firms from receiving direct payments from customers.
Capital / Liquidity
Bangladesh Bank Extends Policy on Loan Classification Leniency
By Editors | 01/09/2021
Borrowers will not be considered in default if they repay 25 percent of their loan instalments until December this year.
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.
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