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Securities / Derivatives
Thailand SEC to Remove Hardcopy Document Requirement for Takeovers
By Sanday Chongo Kabange | 23/11/2020
Under the SEC’s proposal, investors who make a tender offer for all the securities of a business will no longer have to submit hardcopy documents in the tendering process.
Market Infrastructure
BSP Instructs Banks to Report on LIBOR Exposures Quarterly
By Manesh Samtani | 23/11/2020
The regular reports will guide the degree of the central bank’s supervisory engagement with individual institutions, BSP deputy governor Chuchi Fonacier told Regulation Asia.
Capital / Liquidity
Thailand SEC Revises Net Capital Rules to Bolster Liquidity
By Sanday Chongo Kabange | 22/11/2020
The SEC will allow securities companies to include the value of digital assets when calculating their net capital funds, though a haircut of at least 50 percent will be applied.
AML / KYC
South Pacific Nations Complete First Phase of KYC Facility Project
By Editors | 22/11/2020
The KYC facility will improve CDD processes and AML/CFT compliance, and support the provision of correspondent banking services to Pacific Island nations.
Fintech / Regtech
Vietnam Working to Allow Cooperation With Foreign Firms in Payments
By Sanday Chongo Kabange | 21/11/2020
Currently, Vietnam has no regulations for international payments to be made via foreign intermediary payment operators or e-wallets.
Fintech / Regtech
BSP Seeks Interoperability, Unified Standard in Payments
By Sanday Chongo Kabange | 21/11/2020
BSP governor Benjamin Diokno envisions that payment facilities operated by individual banks and payment firms will operate under a single standard.
Capital / Liquidity
Sri Lanka Budget Offers Boost to Capital Markets, Banking Sector
By Duruthu E Chandrasekera | 19/11/2020
The government has proposed tax incentives for newly-listed companies and investment in REITs, in addition to proposals to strengthen the banking sector.
Market Infrastructure
APLMA Seeks Consensus on SOFR-based Loan Facilities in APAC
By Manesh Samtani | 19/11/2020
New discussion drafts cover the use of SOFR for USD loan facilities in APAC, one using the compounded average approach and the other based on Daily Simple SOFR.
ESG / Sustainability
Thailand Proposes Compulsory ESG Training for Capital Market Personnel
By Sanday Chongo Kabange | 19/11/2020
Investment consultants and fund managers, among others, would be required to undergo a mandatory training module covering ESG at licence renewal.
Market Infrastructure
ASEAN Central Banks Endorse Collective Approach to Climate Risk
By Shruti Khairnar | 18/11/2020
A new report offers a set of non-binding recommendations to promote a unified ASEAN approach towards managing climate and environment-related risks.
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