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Big Picture
China, Indonesia Lead Emerging Markets in Sustainable Banking
By Manesh Samtani | 14/10/2019
China and Indonesia have demonstrated pioneering policy actions and regulatory initiatives, resulting in changing practices at financial institutions, the Sustainable Banking Network says.
Market Infrastructure
BOJ Deputy Governor Calls for Collective Action on LIBOR Transition
By Manesh Samtani | 13/10/2019
LIBOR’s permanent discontinuation will be one of the “most significant events in global financial history”, BOJ deputy governor Masayoshi Amamiya said at ASIFMA’s Annual Conference.
Fintech / Regtech
Maybank to Enable Real-time Payments for Cambodia, Malaysia
By Editors | 12/10/2019
Cambodia’s central bank and Malaysia’s Maybank will work together to enable real-time cross-border transfers, payments and remittances between the two countries.
Market Infrastructure
Sri Lanka Finalises Personal Data Protection Bill
By Editors | 12/10/2019
The Bill was modelled after international practices including GDPR. Once ratified, it will be implemented in stages over three years.
Sanctions
Philippine SEC Proposes New Rules for REITs
By Editors | 10/10/2019
The SEC hopes to develop a viable REIT market to provide funding for infrastructure projects and investment opportunities for local investors.
Market Infrastructure
Thailand Banking Sector Resilient to Severe Shocks: IMF
By Editors | 10/10/2019
Stress tests results and sensitivity analysis indicate that Thailand’s largest banks can withstand a shock broadly “as severe as the Asian financial crisis”.
AML / KYC
BOT Plan to Allow Biometric e-KYC Delayed in Testing
By Editors | 09/10/2019
The BOT had planned to allow the use of biometric identity verification for account opening by Q3 this year, but testing in the sandbox has not yet been completed.
Capital / Liquidity
Initial Margin Challenges Confronting Asian Markets
By Purtini Joshi | 08/10/2019
DTCC’s Purtini Joshi outlines three key challenges firms need to address to ensure compliance with Phase 5 and Phase 6 implementation of initial margin regulations.
AML / KYC
Thailand Cabinet Approves Draft AML Regulations
By Editors | 08/10/2019
Under the rules, financial institutions will be required to obtain additional source of funds information from customers for cross-border transfers exceeding 50,000 baht.
Capital / Liquidity
Philippines Amends Framework for Identifying D-SIBs
By Editors | 04/10/2019
The BSP will give more importance to a bank’s size and interconnectedness when deciding which lenders should be classified as D-SIBs.
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