Other Asia Pacific

Capital / Liquidity

Vietnam Banks Ordered to Control Loans Backed by Savings Book

By Editors | 20/09/2019

The SBV says banks may not allow borrowers to use long term savings books as collateral for loans if they have no plans to use the capital.

Securities / Derivatives

Thailand, Cambodia Sign MoU on Cross-Border Listings

By Editors | 20/09/2019

A working group will be formed to implement mechanisms for cross-border equity offerings, dual listings and depositary receipts between the two countries.

Enforcement

Philippines Moves to End Abusive Practices by Fintech Lenders

By Editors | 18/09/2019

A code of ethics and code of conduct have been adopted by members of FinTechAlliance.ph prohibiting the harassment and shaming of delinquent borrowers.

AML / KYC

Financial Institutions Must Adapt and Innovate or Be Left Behind

By Greg Watson | 13/09/2019

Outdated systems are preventing one in four Asia Pacific banks from investing in disruptive technologies, says Greg Watson, citing a recent Fenergo survey.

BSP Revises Rules to ‘Institutionalise’ Consumer Protection at Banks

By Editors | 11/09/2019

The BSP has revised its financial consumer protection framework to ensure banks conduct their business ethically and refrain from practices that may cause harm to consumers.

Market Infrastructure

Thailand to Digitise Capital Market Processes with DLT

By Editors | 05/09/2019

The project aims to reduce the documentary procedures required in processes related to share issuances and offerings, securities registration, settlement and delivery, and KYC.

Capital / Liquidity

SBV Lists Criteria for Assuming Control of Troubled Banks

By Editors | 05/09/2019

The State Bank of Vietnam has issued a circular outlining seven conditions under which it will impose ‘special control’ over credit institutions.

Securities / Derivatives

Sri Lanka Proposes Easing of Stock Market Listing Criteria

By Editors | 05/09/2019

Companies will no longer be required to have three years of consecutive profits to list on the main board of the Colombo Stock Exchange.

Market Infrastructure

GRI Sets Up in Singapore to Promote Sustainability Reporting in ASEAN

By Editors | 04/09/2019

The new ASEAN hub will generate valuable know-how for ESG reporting and sustainable finance, and contribute to Singapore’s development as a financial centre, says SGX CEO Tan Boon Gin.