Other Asia Pacific

AML / KYC

Bangladesh FIs Report Suspicious Activity at Record Levels

By Editors | 21/05/2019

The increase in suspicious activity reported is an indication of the financial industry’s commitment to fighting money laundering and terrorism financing.

Capital / Liquidity

BSP to Cut Reserve Requirements for Biggest Banks

By Editors | 17/05/2019

The 200 basis point RRR cut will take place over three phases by end-July, and free up an estimated $3.6bn in banking system liquidity.

AML / KYC

The Need for a Cross-Sector & Cross-Jurisdictional AML Regime

By Claus Christensen | 16/05/2019

It’s time to have a conversation about implementing real AML information sharing across organisations, sectors and jurisdictions, writes Claus Christensen at Know Your Customer Ltd.

Fintech / Regtech

Hong Kong, Thailand Central Banks Sign Fintech Collaboration Agreement

By Editors | 15/05/2019

HKMA and BOT have agreed to collaborate on fintech innovation, including through a joint research project on the development of a central bank digital currency.

Market Infrastructure

Sri Lanka Signs Dual Bond Listing Deal with London

By Editors | 14/05/2019

Colombo’s stock exchange has signed an MoU to list domestic government bonds in London and enable LSEG to support the development of Sri Lanka’s capital markets.

Market Infrastructure

Dhaka Bourse Mulls New Data Exchange Platform

By Editors | 13/05/2019

The DSE’s ‘Financial Data Exchange Platform’ will allow regulators, market infrastructures and financial institutions to safely and efficiently exchange messages and files.

AML / KYC

Cambodia to Launch Commercial Credit Reporting Service

By Editors | 13/05/2019

The new commercial credit reporting system, set for launch by end-May, will improve the lending process for more than 50 financial institutions in Cambodia.

Capital / Liquidity

BCBS Releases 16th Progress Report on Basel III Adoption

By Garima Chitkara | 10/05/2019

In Asia, most jurisdictions have made progress with Basel III adoption, though most have yet to make progress on non-cleared derivatives margining and CCP regulation.

Fintech / Regtech

Banks Need to Be More Agile to Remain Competitive

By Salomon Wettstein | 10/05/2019

Banks have not invested sufficiently in modernising their core internal systems due to a stronger focus on customer-facing applications, says Synpulse partner Salomon Wettstein.