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AML / KYC
Indonesia, Brunei to Cooperate on AML/CTF in Payments
By Editors | 03/07/2021
The MoU aims to strengthen policy cooperation on AML/CTF in payments. Indonesia is seeking to become a member of the FATF.
Philippines Expects More Entrants to Digital Banking Scene
By Ranamita Chakraborty | 02/07/2021
Tencent-backed Voyager Innovations, Philippine National Bank, RCBC, South Africa’s TymeBank, UnionBank, and EastWest Bank are among the applicants.
Enforcement
Philippine SEC Threatens Online Lenders with Licence Revocation
By Sanday Chongo Kabange | 29/06/2021
The threat is aimed at lending and financing companies that have failed to register and disclose their online lending platforms.
Bangladesh Bank to Provide Escrow for E-commerce Payments
By Ranamita Chakraborty | 29/06/2021
Advance payments will be deposited with the central bank or other payment gateways until products bought online reach customers.
Crypto / Digital Assets
ASIFMA Spotlights Tokenised Securities in New Paper
By Manesh Samtani | 27/06/2021
The paper calls on regulators to issue more guidance on the classification of tokens and modernise paper-based requirements in securities markets.
Big Picture
ASIFMA Calls for Harmonised Approach to Regulating AI
By Editors | 25/06/2021
Regulators should leverage existing frameworks that largely already address and mitigate the key risks associated with the increased use of AI.
Securities / Derivatives
CBSL Lifts Ban on Banks Buying Sri Lankan Sovereign Bonds
By Ranamita Chakraborty | 25/06/2021
Banks can purchase Sri Lankan sovereign bonds in the secondary market only using freshly raised borrowings from overseas.
Big Picture
Citadel Securities Offers Best Practices to Address Exchange Outages
By Manesh Samtani | 24/06/2021
Common issues that have compounded the impact of recent outages continue to be largely overlooked by some exchanges.
Securities / Derivatives
SEC Thailand Revises Guidelines on Depositary Receipts
By Sanday Chongo Kabange | 24/06/2021
The revisions seek to facilitate the introduction of more depositary receipt products in the Thai capital market.
Capital / Liquidity
CBSL to Require Banks to Maintain Recovery Plans from 2022
By Sanday Chongo Kabange | 24/06/2021
Starting in 2022, Sri Lankan banks with assets above LKR 1 trillion must formulate and submit their recovery plans to the CBSL annually.
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