Other Asia Pacific

    Market Infrastructure

    Indonesia Announces Rules for the Establishment of CCPs

    By Editors | 04/10/2019

    The new rules from Bank Indonesia will take effect from June 2020, but the first CCPs for derivatives markets are unlikely to be operational until 2023.

    Fintech / Regtech

    BSP Streamlines Rules for Payment System Operators

    By Editors | 03/10/2019

    The Philippine central bank has simplified the registration process for payment system operators, and created a new consolidated manual of regulations to facilitate compliance.

    Capital / Liquidity

    Bangladesh Bad Loan Problem is Double Reported Figures: IMF

    By Editors | 02/10/2019

    Total problem assets in Bangladesh’s banking sector would rise by more than double if the computation included stay orders, special mention accounts, and rescheduled loans.

    Big Picture

    EU Equivalence Needed on Cross-Border Intragroup Transactions

    By Editors | 01/10/2019

    ISDA and EU banking associations are calling for equivalence decisions to be prioritised for Australia, Hong Kong, Singapore and South Korea, among others.

    Capital / Liquidity

    BSP Lowers Bank Reserve Requirement Ratio

    By Editors | 01/10/2019

    The 100bp cut in bank reserve requirements is expected to free up about $2.1bn in the financial system “in support of credit activity”.

    Market Infrastructure

    APAC Central Banks Prepare Market for Benchmark Reforms

    By Editors | 27/09/2019

    A group of APAC central banks have issued a report on the regional implications of LIBOR’s discontinuation, BMR implementation, and reforms to local benchmarks.

    Capital / Liquidity

    BSP Enhances Rules on Voluntary Surrender of Banking Licences

    By Editors | 24/09/2019

    The guidelines are aimed at improving protections for depositors and creditors of banks that have decided to cease operations.

    Market Infrastructure

    Thailand, Clearstream Go Live with Cross-Border Funds Link

    By Editors | 24/09/2019

    The new link allows international investors to access Thailand’s funds market, and Thai investors to access more than 190,000 funds on Clearstream’s platform.

    Securities / Derivatives

    Philippine Insurers Permitted to Borrow, Lend Securities

    By Editors | 24/09/2019

    The move is aimed at helping the insurance industry to broaden their investment options, diversify their portfolios, and more actively participate in capital market development.

    Market Infrastructure

    Vietnam to Consolidate Exchanges Under Single Entity

    By Editors | 23/09/2019

    Under the new structure, HOSE will focus on operating the stock market and the HNX will focus on derivatives and bond markets.

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