Other Asia Pacific

ESG / Sustainability

Thailand: SEC Pledges Support for AIMC Sustainability Roadmap

By Manesh Samtani | 11/06/2021

The three-year roadmap includes an initiative to develop an ‘ESG Data Framework’, which will enhance the information investors can be provided on the ESG efforts of listed companies.

Securities / Derivatives

Thailand SEC Streamlines Process for Mutual Fund Approvals

By Sanday Chongo Kabange | 11/06/2021

Asset managers can start submitting applications for approval to establish a new mutual fund using a new online system from 1 June.

Market Infrastructure

Regulatory Harmonisation Critical to OTC Derivatives Reporting

By Priya Kundamal | 11/06/2021

The fragmentation of trade reporting rules and the lack of a common data set across jurisdictions hinders transparency and global risk monitoring, writes DTCC’s Priya Kundamal.

AML / KYC

Philippine AMLC Amends AML/CTF Guidelines for DNFBPs

By Editors | 11/06/2021

The revisions broaden the scope to include newly covered persons and add a new section on the implementation of the targeted financial sanctions, among other changes.

Securities / Derivatives

Sri Lanka Cabinet Approves Bill to Enhance Capital Market

By Sanday Chongo Kabange | 10/06/2021

The bill is aimed at enhancing market regulation, improving enforcement mechanisms, and creating a more efficient capital market with better governance standards.

Fintech / Regtech

BSP Issues Two New Digital Bank Licences

By Ranamita Chakraborty | 09/06/2021

The BSP has now granted three digital bank licences to date, two of which are conversions from other types of banking licences.

Market Infrastructure

Philippine FSCC Identifies Leverage as Key Downside Risk

By Ranamita Chakraborty | 08/06/2021

Cross-border effects are creating a layer of risks on top of scars that Covid has already inflicted on the domestic economy, the FSCC says.

Capital / Liquidity

BSP Raises Bank Limits on Open FX Positions

By Ranamita Chakraborty | 07/06/2021

The BSP has raised the limit as part of a larger set of amendments to the framework for the management of banks’ open FX positions.

AML / KYC

BSP Orders Banks to Enhance STR Filing Processes

By Editors | 07/06/2021

Incorrect STR filings, as identified by the AMLC in a recent review, could downplay the risk and prioritisation of STRs, particularly when they involve high-risk crimes.