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CBDCs
Cambodia Explores Cross-border Transactions Using ‘Bakong’
By Editors | 10/08/2021
Cambodia launched its Bakong digital currency in October 2020. In the first half of 2021, 1.4 million transactions worth $500mn were recorded.
Structural Regulation
Myanmar Central Bank Restricts Foreign Hiring at Banks
By Editors | 10/08/2021
CBM approval is needed to hire foreign employees. Large banks are limited to 25 foreign employees; medium-sized banks to 15; and small banks to 8.
Structural Regulation
Thailand’s Proposed SME Board Falls Short of Market Needs
By Pongnut Thanaboonchai | 09/08/2021
The SEC’s proposed SME board is unlikely to facilitate access to capital for startups that are most in need of funding, says Pongnut Thanaboonchai.
KYC & CDD
Thai SEC Proposes UBO Registration Rules for Securities Firms
By Sanday Chongo Kabange | 08/08/2021
Securities firms offering trading, exchange or underwriting services will be required to ensure customers register their foreign beneficiaries.
Sustainable Finance
FIs Team Up to Accelerate Coal Plant Closures in APAC
By Editors | 05/08/2021
Prudential, Citi, HSBC, and BlackRock are reportedly working on a plan to buy out coal-fired plants and wind them down early.
Credit Risk
Bangladesh Bank to Enhance Monitoring of NBFI Lending
By Ranamita Chakraborty | 05/08/2021
The new reporting policy will enable the central bank to monitor NBFI lending more closely and ensure provisions are being adequately maintained.
Trading & Investment
Structured Products Landscape in a Post-pandemic APAC
By Abdessamad Khaled | 05/08/2021
Bloomberg’s Abdessamad Khaled and Gaurav Kapoor discuss how structured products have performed and the role automation plays in maintaining stability.
Cryptocurrency
Bangladesh Bank Reiterates Ban on Cryptocurrency
By Sanday Chongo Kabange | 04/08/2021
Bangladesh Bank sought to clarify its stance after reports emerged suggesting that crypto transactions are only illegal if they are linked to other crimes.
PEPs & Sanctions
Philippine AMLC Issues Guidance on TFS Delisting, Unfreezing Orders
By Sanday Chongo Kabange | 02/08/2021
Designated persons shall apply to the AMLC for authorisation if they wish to deal with or access funds or assets that are frozen due to targeted financial sanctions.
Cloud & Infrastructure
Thailand, Luxembourg Sign MoU on Fintech Innovation
By Editors | 02/08/2021
The MoU provides a framework for cooperation between the SEC and CSSF with respect to promoting innovation in financial services.
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