ADVERTISEMENT
Anti-Money Laundering
Philippine President to Prioritise Bill to Ease Bank Secrecy Rules
By Manesh Samtani | 20/08/2021
The BSP welcomed the move, saying the bill will provide the central bank tools to investigate illegal activity and improve the safety of the banking system.
Capital Adequacy
BOT to Increase Flexibility of Pillar 2 Rules for Banks
By Pongnut Thanaboonchai | 18/08/2021
The changes will account for new types of risk as well as ESG principles, which help to frame sustainable lending practices and risk management culture.
Credit Risk
BOT to Offer Banks Incentives to Restructure SME Debt
By Pongnut Thanaboonchai | 17/08/2021
The BOT is considering reducing the amount of capital banks are required to set aside for NPLs as one possibility to incentivise debt restructuring.
Payments & Settlements
Thailand, Indonesia Pilot Cross-border QR Payment Link
By Manesh Samtani | 17/08/2021
The full commercial launch will take place in Q1 2022. Indonesia has separately also launched a national open API payment standard.
Structural Regulation
Thailand SEC Set to Overhaul Mutual Fund Regulations
By Pongnut Thanaboonchai | 17/08/2021
The SEC proposes more principle-based and flexible requirements for the establishment of new funds and in the investment decision process.
Payments & Settlements
Cambodia, Maybank Launch Cross-border Remittances Using ‘Bakong’
By Pongnut Thanaboonchai | 12/08/2021
Maybank customers in Malaysia can use the bank’s e-wallet to transfer funds to recipients in Cambodia with Bakong e-wallets.
Trading & Investment
Thai SEC Proposes More Flexible Rules for Fund Advertising
By Pongnut Thanaboonchai | 11/08/2021
More principle-based requirements will provide more flexibility to fund managers while still adequately protecting investors, the SEC said.
PEPs & Sanctions
North Korea Continues to Evade Sanctions – Report
By Editors | 10/08/2021
A draft report by a UN panel of experts says North Korea has continued to evade sanctions through open sea ship-to-ship transfers and other means.
Data Privacy
BSP to Finalise Members of Open Finance Body This Year
By Sanday Chongo Kabange | 10/08/2021
The open finance oversight committee which will formulate standards for consent-based data sharing will include representation from across the financial industry.
Emerging Prudential Risks
Thailand to Lower Deposit Protection to 1 Million Baht
By Pongnut Thanaboonchai | 10/08/2021
The maximum threshold of deposit protection will be lowered from 5 million baht to 1 million baht, effective from 11 August.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.