Other Asia Pacific

Capital / Liquidity

Philippine President Duterte Signs ‘Bad Bank’ Bill Into Law

By Editors | 17/02/2021

The law will help cushion lenders from a build-up of bad loans due to the Covid-19 crisis, allowing them to dispose of bad assets and keep the banking system stable.

Securities / Derivatives

Bangladesh to Launch New Interbank Money Market Platform

By Editors | 17/02/2021

The platform will help to promote more efficient liquidity movements among conventional banks and NBFIs, said a Bangladesh Bank official.

Securities / Derivatives

SEC Thailand Consults on New Rules for Auditors, Audit Firms

By Sanday Chongo Kabange | 17/02/2021

The SEC proposes new rules on the reporting of suspected fraud identified in audits, and to lower entry requirements for auditors in the capital markets.

AML / KYC

Bangladesh Launches Online Account Opening for Stock Investors

By Editors | 16/02/2021

The new system will reduce the time it takes for investors to open an account and minimise the number of accounts opened using fake information, BSEC said.

Crypto / Digital Assets

SEC Thailand Targets Recovery Objective in New Strategic Plan

By Sanday Chongo Kabange | 16/02/2021

The plan includes a ‘recovery and strengthening’ objective, and measures to support the use of liquidity enhancement tools for businesses affected by Covid-19.

Securities / Derivatives

BSP Lowers Minimum Balance for Investment Management Accounts

By Editors | 11/02/2021

BSP Governor Benjamin Diokno said the revised regulations are aimed at expanding investment opportunities for the public.

AML / KYC

BSP Warns Banks Against Unlicensed Gaming Operators

By Editors | 11/02/2021

FIs should ensure they have robust risk management and due diligence frameworks in place to prevent transactions with illegal online gambling operators.

AML / KYC

US Imposes Sanctions Against Myanmar Military Leaders

By Editors | 10/02/2021

Joe Biden has approved a new executive order enabling the US to immediately sanction the military leaders who directed the 1 February coup in Myanmar.

Securities / Derivatives

Philippines to Launch Short Selling Upon Resolution of SBL Issues

By Ranamita Chakraborty | 10/02/2021

The Philippines Stock Exchange will launch short selling once issues related to securities borrowing and lending are resolved, president Ramon Monzon.