Other Asia Pacific

AML / KYC

BSP Set to Issue Revised Rules on Virtual Assets

By Sanday Chongo Kabange | 30/09/2020

The revisions are aimed at addressing identified gaps and aligning the framework with FATF guidance for regulating VASPs.

Fintech / Regtech

RegTech Asia 2020: Liquidity Risk During a Crisis

By Editors | 29/09/2020

How has Covid-19 impacted liquidity risk management at banks, and how they can better prepare for future market volatility and ongoing credit demands?

Fintech / Regtech

Ant Group Launches New Digital Trade, Financing Platform

By Sanday Chongo Kabange | 29/09/2020

DBS, BNP Paribas, Citibank, Deutsche Bank and StanChart have partnered with Ant Group to help optimise cross-border processes on the new blockchain powered platform.

Fintech / Regtech

RegTech Asia 2020: Trends, Review and Outlook

By Editors | 28/09/2020

How has the regtech industry has weathered the Covid-19 storm and provided support to global initiatives designed to keep our economies moving?

ESG / Sustainability

SET Launches ESG Development Services for Listed Companies

By Editors | 28/09/2020

The sustainability-related data and services are being provided through SETLink, the SET’s online information disclosure platform.

BSP to Impose 24pc Ceiling on Credit Card Interest

By Editors | 27/09/2020

Effective from 3 November, credit card issuers can charge a maximum 2% per month on unpaid outstanding credit card balances.

Bangladesh Bank Orders Banks to Cap Credit Card Interest

By Editors | 26/09/2020

Banks are charging customers between 25 and 27 percent in interest on credit card debt, in violation of regulations, Bangladesh Bank said.

Thailand: BOT to Revamp Banks’ Reporting Requirements

By Editors | 26/09/2020

The reforms will reduce data processing steps for financial institutions and the costs associated with reporting, while increasing reporting efficiency.

Securities / Derivatives

BSP Approves Sale of Unit Investment Trust Funds via Third Parties

By Editors | 26/09/2020

New rule amendments allow trust corporations to offer their investment products through third-party distributors, including individual and institutional agents.