Other Asia Pacific

Fintech / Regtech

Philippine Privacy Watchdog Warns Against Misusing Borrower Data

By Sanday Chongo Kabange | 23/10/2020

Some online lenders are using illegally obtained personal data to shame or harass borrowers when they failed to meet their obligations.

AML / KYC

APG Releases First Follow-up Report on Pakistan

By Editors | 18/10/2020

The APG says Pakistan has been re-rated from ‘partially compliant’ to ‘compliant’ on Recommendation 29 and has made progress on Recommendation 1.

Cambodia Set To Launch Covid-19 Credit Guarantee Scheme

By Sanday Chongo Kabange | 18/10/2020

A USD 200 million credit guarantee scheme is expected to launch in late October or November, providing a risk-sharing facility for banks to lend to businesses.

AML / KYC

Philippines Begins Roll-out of New National ID System

By Editors | 15/10/2020

PhilSys will mean wider inclusion in the financial ecosystem for the unbanked, allowing cash aid, credit and other welfare spending to reach them faster.

Fintech / Regtech

RegTech Asia 2020: LIBOR Transition Progress

By Editors | 14/10/2020

How has LIBOR transition been progressing in Asia Pacific, and how is technology helping to facilitate transition efforts?

AML / KYC

Bangladesh ACC Calls For Tighter KYC Rules for NBFIs

By Sanday Chongo Kabange | 14/10/2020

The Anti-Corruption Commission says some NBFIs and cooperative societies are not collecting detailed customer information through their KYC processes.

Securities / Derivatives

Sri Lanka SEC to Overhaul Capital Market Rules in Stages

By Duruthu E Chandrasekera | 13/10/2020

“The market has evolved over the past ten years and technology has also raised the bar. There is a need to be in line with the times,” SEC Chairman Viraj Dayaratne told Regulation Asia.

Market Infrastructure

BSP Amends Operational Risk Guidelines to Include ‘People Risk’

By Sanday Chongo Kabange | 13/10/2020

The BSP wants banks and NBFIs to embed in their ERM framework measures to identify, measure, monitor, and control human resource related risks.

Capital / Liquidity

Sri Lanka Drafts Resolution Framework for Banks, Finance Companies

By Duruthu E Chandrasekera | 12/10/2020

The CBSL will have the ability to replace an institution’s management, operate an agent institution and bail out an institution where necessary.