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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.
Fintech / Regtech
BSP Unveils Open Finance Framework, Plans Tiered Implementation
By Sanday Chongo Kabange | 23/06/2021
The framework promotes consent-driven data portability, interoperability, and collaborative partnerships between FIs and fintech players, the BSP said.
Big Picture
Enterprise Ireland, Kapronasia Publish APAC Regtech Study
By Manesh Samtani | 23/06/2021
Lengthy procurement processes, cumbersome IT and security approvals, and implementation complexity are hindering APAC regtech adoption.
Fintech / Regtech
Malaysia, Thailand Establish Cross-border QR Payment Link
By Manesh Samtani | 21/06/2021
The first phase of the project, now complete, allows Thai users to make QR code payments to merchants in Malaysia, including for online e-commerce transactions.
AML / KYC
Philippine SEC Backs Amendments to Bank Secrecy Law
By Ranamita Chakraborty | 21/06/2021
Bank secrecy has prevented the SEC from validating information and establishing the owners of bank accounts linked to securities violations.
Securities / Derivatives
Hong Kong-Thailand Mutual Recognition of Funds Takes Effect
By Manesh Samtani | 17/06/2021
Hong Kong’s SFC and Thailand’s SEC say the MRF scheme has taken effect. Both have issued new guidance on obtaining authorisation under the scheme.
Fintech / Regtech
BSP to Issue Strict Regulations On ‘Digital Bank’ Branding
By Ranamita Chakraborty | 17/06/2021
Banks that do not meet specified conditions are prohibited from marketing themselves as digital banks, the BSP said in a circular.
Securities / Derivatives
Vietnam: HoSE Commences Trials on New Trading System
By Ranamita Chakraborty | 17/06/2021
HoSE has commenced connection trials with securities firms and intends to start functional trials from 26 July.
AML / KYC
SEC Orders Finance, Lending Companies to Submit AML Plans
By Editors | 16/06/2021
All financing and lending companies have until 21 June to submit plans for implementing a comprehensive and risk-based AML/CFT programme.
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