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Market Infrastructure
Thailand to Stop Issuing THBFIX Loans, Debt from July 2021
By Editors | 17/11/2020
All financial institutions will stop offering new loans and debt securities which reference THBFIX from 1 July 2021, Bank of Thailand says.
AML / KYC
IMF Calls for Amendments to Philippine Bank Secrecy Laws
By Editors | 17/11/2020
The BSP should be granted “unimpaired access” to information on all customer accounts and the ability to employ and share depositor information for any prudential purpose.
AML / KYC
Philippine SEC Assesses Risk of Non-Profit Organisation Sector
By Editors | 17/11/2020
Based on the risk assessment, the SEC will implement “the most appropriate mitigation measures” to manage money laundering and terrorist financing risks.
Fintech / Regtech
BSP, MAS Declare Opposition to Data Localisation Requirements
By Editors | 16/11/2020
Data mobility in financial services supports economic growth, innovative financial services, risk management and compliance, BSP and MAS say in a joint statement.
Capital / Liquidity
BOT Allows Banks to Pay Dividend for 2020, Subject to Limit
By Editors | 16/11/2020
The move follows an order from the BOT for commercial banks to suspend interim dividend payments and share buybacks in June.
Securities / Derivatives
Sri Lanka to Complete Phase 2 Digitalisation of CSE in December
By Duruthu E Chandrasekera | 15/11/2020
Phase 2 will enable digital payments and smart wallets for CDS account holders, among a host of other features that will be made available electronically.
Capital / Liquidity
Philippine Senate Passes Bill to Establish ‘Bad Bank’ Framework
By Editors | 15/11/2020
The bill was fast-tracked amid fears that loan defaults could burden lenders and hamper their ability to provide credit to businesses and consumers.
Securities / Derivatives
Indonesia Launches Electronic Trading in Bond, Sukuk Markets
By Editors | 15/11/2020
The platform was designed by London software firm AxeTrading to accommodate Indonesia’s bond and sukuk markets, and boost liquidity and efficiency.
Securities / Derivatives
SEC Thailand to Cut Redundant Regulations, Red Tape by 2022
By Editors | 15/11/2020
The ‘regulatory guillotine’ project will reduce documentary requirements by almost 2 million sheets per year and processing time by about 102,000 hours per year.
AML / KYC
Philippine Authorities Probe Financial Transactions Linked to Wirecard
By Sanday Chongo Kabange | 11/11/2020
The National Bureau of Investigation is examining the financial transactions of a law firm office that appears to have provided legal services to Wirecard and Jan Marsalek.
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