Other Asia Pacific

    Structural Regulation

    SEC Philippines Launches New Fintech Innovation Office

    By Editors | 01/08/2021

    The PhiliFintech Innovation Office will serve as the first point of contact for existing fintech companies and help the SEC regulate fintech activities.

    Cloud & Infrastructure

    BOT Issues Guidance on Blockchain Adoption in Financial Services

    By Sanday Chongo Kabange | 01/08/2021

    The guideline covers blockchain application in financial businesses, project governance, security standards, and risk management, among other areas.

    Cryptocurrency

    Ripple Opens Japan-Philippines Remittance Corridor

    By Manesh Samtani | 31/07/2021

    Japan’s SBI Remit will connect with Coins.ph and crypto exchange SBI VC Trade to open the remittance corridor, leveraging Ripple’s on-demand liquidity service.

    Structural Regulation

    BSP Grants Fourth Digital Bank Licence to UnionBank

    By Editors | 31/07/2021

    UnionBank is the latest to receive the licence after Landbank’s Overseas Filipino Bank, Tonik Bank, and UNOBank.

    Liquidity Risk

    Thailand SEC Issues New Rules on Fund Liquidity Management

    By Editors | 28/07/2021

    Asset managers have until 1 January 2022 to have a board-approved policy in place and ensure the availability of sufficient liquidity management tools.

    Capital Adequacy

    Sri Lanka Central Bank Directs Banks to Defer Dividends

    By Sanday Chongo Kabange | 28/07/2021

    The CBSL issued the directives after considering the possible adverse impact on liquidity and other KPIs of banks due to Covid-19.

    Structural Regulation

    Thailand SEC Consults on Securities Law Revisions

    By Sanday Chongo Kabange | 27/07/2021

    The amended Securities and Exchange Act will promote cooperation between financial market regulators including the SEC, BOT and OIC.

    Trading & Investment

    SET Seeks to Allow Derivative Warrants to Use Foreign Stocks

    By Ranamita Chakraborty | 22/07/2021

    The SET will ask the Thai SEC to amend regulations to allow derivative warrants to use foreign stocks as their underlying assets.

    Cryptocurrency

    BOT Warns Against Using Crypto As Means of Payment

    By Sanday Chongo Kabange | 18/07/2021

    If the use of digital assets as a means of payment for goods and services become widespread, the BOT will take action in coordination with the SEC.

    Credit Risk

    BOT Allows Two-month Debt Holiday Amid Fresh Lockdown

    By Editors | 18/07/2021

    Individuals and SMEs impacted by the latest Covid-19 lockdown measures can suspend principal and interest payments for two months.

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