Other Asia Pacific

Capital / Liquidity

Philippine SEC Issues Implementing Rules for ‘Bad Bank’ Law

By Editors | 25/02/2021

The implementing rules cover the creation of so-called ‘FIST corporations’, as well as the processes they will use to acquire, transfer and manage non-performing assets.

AML / KYC

Financial Crime Challenges and Opportunities for the Year Ahead

By Editors | 24/02/2021

Financial crime compliance experts Radish Singh, Richard Carrick, Oonagh van den Berg and Michael Meadon discuss challenges and opportunities for the year ahead.

2021 Will Demand a Different Culture of Compliance

By Quincy Tse | 24/02/2021

Quincy Tse discusses how firms can cultivate and promote a culture of compliance even as remote work arrangements continue to be commonplace.

Big Picture

More Than Half of Asian Investor Group Mull Net Zero by 2050

By ESG Investor | 24/02/2021

Survey results from the Asia Investor Group on Climate Change suggest that growing appetite is being blocked by lack of investable opportunities.

AML / KYC

OJK to Require P2P Lenders to Report Transactions From 1 April

By Editors | 23/02/2021

The move is aimed at preventing the P2P lenders from being used for money laundering and terrorism financing, said OJK Deputy Director Munawar.

Fintech / Regtech

BSP to Draft Data Governance Policy for Financial Institutions

By Editors | 22/02/2021

The new regulatory framework will guide banks and other financial institutions on how they use and handle electronic information that they collect from customers.

Crypto / Digital Assets

SEC Thailand Considers New Qualifications for Retail Crypto Investors

By Sanday Chongo Kabange | 22/02/2021

The SEC is considering the introduction of screening criteria for retail crypto investors which could include age, trading experience and wealth.

Fintech / Regtech

Sea Group to Establish Digital Banking Operations in Indonesia

By Ranamita Chakraborty | 22/02/2021

Sea Group’s e-commerce arm Shopee plans to turn a newly acquired Indonesian bank into a digital bank. OJK is meanwhile preparing new regulations for digital banks.

AML / KYC

UK, Canada Impose Sanctions Against Myanmar Officials

By Manesh Samtani | 21/02/2021

Human Rights Watch is calling for economic sanctions, travel bans and asset freezes for leaders of Myanmar’s military, military business conglomerates and the new governing body.