Other Asia Pacific

ESG / Sustainability

BSP to Phase In ESG-related Regulations for Banks

By Editors | 28/11/2019

The first phase will involve high-level principles on ESG integration. The second will provide granular expectations. The third will cover regulatory incentives.

Capital / Liquidity

Vietnam Further Restricts Use of Short Term Deposits for Loans

By Editors | 28/11/2019

Currently, 60% of medium- and long-term loans can be financed with short term deposits. This ratio reduces to 40% in January.

AML / KYC

Myanmar Announces Licensing Framework for Remittance Providers

By Editors | 26/11/2019

The move is aimed at providing a cost-effective channel for the legal movement of money into Myanmar and reduce the use of illegal money transfer brokers.

ESG / Sustainability

Vietnam Banks to Include ESG Factors in Credit Risk Analysis

By Editors | 26/11/2019

The State Bank of Vietnam has directed all Vietnamese banks to include ESG risk assessments in credit risk analysis and establish dedicated ESG analysis units by 2025.

Fintech / Regtech

Thailand to Launches DLT Pilot Trading Corporate Bonds

By Editors | 26/11/2019

The DLT project was first announced in September, and will first test trading with bonds before expanding to equities, derivatives and investment funds.

Capital / Liquidity

BSP Excludes Interbank Borrowings from Reserve Calculations

By Editors | 25/11/2019

“The exclusion of these types of borrowings from the reserve base of banks and quasi-banks will result in freed-up liquidity for lending or investment activities,” the BSP said.

AML / KYC

Bangladesh Publishes New National AML/CFT Strategy

By Editors | 23/11/2019

The national strategy contains 11 strategies along with 137 action plans, aimed at eliminating gaps identified in the 2016 mutual evaluation report from the APG.

Market Infrastructure

Hong Kong Leads Asia on LIBOR Transition Readiness: KPMG

By Manesh Samtani | 21/11/2019

Survey findings and discussions with banks in the region indicate a lack of readiness for the LIBOR transition. But, failure to keep up will eventually prove disruptive, KPMG says.

Enforcement

Philippine SEC Orders Takeover of Brokerage Following Stock Theft

By Editors | 19/11/2019

A settlement clerk siphoned client securities into a private account and sold them over eight years, leaving a $13.8 million hole in R&L Investments’ books.