The CMIM is being enhanced to allow ASEAN+3 members to use their own and each other's local currencies for CMIM liquidity support.
May 20, 2022The guidelines set out options to strengthen the rural banking sector, including through mergers, acquisitions or third party investment.
May 12, 2022The commitment includes action to promptly implement global beneficial ownership rules and increase countries' capabilities to recover criminal assets.
April 22, 2022The rule amendments seek to address excessive regulations that have hindered digital transformation efforts in the financial sector.
April 20, 2022The CBIRC is encouraging banks and investment firms to explore new models of financing, where they provide both credit and direct investment to innovative firms.
April 12, 2022The BOT will publish a virtual bank licensing framework by Q2 2022, and directions on its open banking policy in Q3 2022.
March 30, 2022The participants of the pilot programme include 32 listed companies, 7 accounting firms, 7 banks, and 1 third-party digital platform provider.
February 11, 2022New guidance urges banks and insurers to "vigorously promote" digital financial services and further develop their data and technology capabilities.
January 31, 2022OJK says the taxonomy will enable the financial sector to classify green activities within their portfolios, facilitate monitoring of credit and investment flows into the green sector, and prevent greenwashing.
January 21, 2022The FSC will apply “same rules for same services” to ensure fair competition between bigtech firms and financial institutions.
January 18, 2022