Other Asia Pacific

Fintech / Regtech

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.

Capital / Liquidity

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 / Liquidity

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.

Securities / Derivatives

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.

Securities / Derivatives

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.

AML / KYC

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.

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.

Crypto / Digital Assets

Vietnam to Explore Creation of Digital Currency

By Sanday Chongo Kabange | 18/07/2021

Vietnam’s strategy on digitising the local government includes directions for the SBV to pilot the use of a digital currency.

AML / KYC

Bangladesh Brokerage Owners Accused of Embezzlement

By Editors | 17/07/2021

The BSEC has initiated an inquiry into Banco Securities, which has already had its trading suspended and bank account frozen amid embezzlement allegations.