Other Asia Pacific

    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.

    ESG / Sustainability

    LuxSE Displays First Sustainability Bond from Thailand on LGX

    By Sanday Chongo Kabange | 30/04/2021

    Thailand opted to list the sustainability bond on the Luxembourg Green Exchange to strengthen access to the international investor community.

    Fintech / Regtech

    Singapore, Thailand Launch Real-time Payment Link

    By Manesh Samtani | 29/04/2021

    The participating banks include DBS, OCBC, UOB, Bangkok Bank, Kasikornbank, Krung Thai Bank and Siam Commercial Bank.

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