Other Asia Pacific

Securities / Derivatives

SEC Thailand Issues Guidelines for Distressed Bond Funds

By Editors | 13/05/2021

Only institutional and ultra-HNW investors will be allowed to invest in distressed bond funds, which will be non-redeemable but have a maturity date prescribed.

AML / KYC

Philippine SEC Rates Securities Sector for Money Laundering

By Sanday Chongo Kabange | 12/05/2021

The SEC found that investment houses and underwriters presented ‘medium-high’ risk, compared to ‘medium’ risk for the securities sector overall.

Securities / Derivatives

Philippine SEC Joins ASEAN Framework for Cross-border Funds

By Editors | 12/05/2021

Regulators from Singapore, Malaysia and Thailand – already part of the initiative – have signed a supplemental MoU admitting the Philippine SEC into the CIS framework.

Securities / Derivatives

BSEC Allows Foreign Companies to Sponsor Mutual Funds

By Editors | 06/05/2021

Foreign companies will be allowed to become sponsors of mutual funds, subject to a maximum contribution of 25 percent of the find size.

Fintech / Regtech

BSP Expects New Digital Banks to Launch in H2 2021

By Ranamita Chakraborty | 05/05/2021

The BSP has received four applications for digital bank licences, including two from thrift banks that wish to convert their existing licences.

AML / KYC

Thailand to Tighten Crypto Exchange Account Opening Rules

By Sanday Chongo Kabange | 05/05/2021

Crypto exchanges will reportedly be required to verify customers’ identities using special machines that require Thai national IDs and physical presence.

Capital / Liquidity

BSP Extends Regulatory Relief for Banks Pending ‘FIST’ Rescue

By Ranamita Chakraborty | 05/05/2021

The BSP has extended the higher single borrower limit and relief on loan classification, pending full operationalisation of the FIST Act.

BOT Creates Database to Guard Against Factoring Fraud

By Editors | 04/05/2021

The database acts as a centralised repository of factoring-related transactions to guard against counterfeiting, double financing and fraud.

Market Infrastructure

Getting Your Hands Dirty with IBOR Transition

By Manesh Samtani | 03/05/2021

Specialists from Bloomberg, Standard Chartered Bank, ING Bank and Clifford Chance discuss IBOR transition challenges and how to address them.