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BSP Eases Licensing for Banks Seeking Special Authorities
By Editors | 06/02/2019
Business decisions made largely as part of managing regular operations will no longer require the BSP’s approval.
Capital / Liquidity
Vietnam to Rank Domestic, Foreign Financial Institutions
By Editors | 05/02/2019
The rankings will be used to alert the central bank to risks at financial institutions in the interest of safeguarding the banking system and protect depositors.
Myanmar Allows 35pc Foreign Ownership in Local Banks
By Editors | 05/02/2019
Foreign funding will support growing demand for financing and help banks upgrade loan screening and data systems.
Crypto / Digital Assets
Thailand Unveils Three-year Capital Market Development Plan
By Editors | 05/02/2019
The SET’s plan is aimed at broadening its investor base, scaling up digital transformation, widening access to mutual funds and streamlining regulatory processes.
AML / KYC
UPDATED – Bangladesh Bank Files New York Lawsuit over Cyber Heist
By Editors | 04/02/2019
Bangladesh Bank has filed a $66mn lawsuit against Philippines-based RCBC and others over the 2016 bank heist, where hackers stole $101mn from its account with the New York Fed.
Market Infrastructure
Asia Region Funds Passport Goes Live
By Editors | 03/02/2019
Japan, Thailand, Australia ready to receive applications from prospective ARFP funds; New Zealand, S. Korea making progress on legal and regulatory requirements.
Market Infrastructure
EU Benchmark Regulation – Not Just a European Problem
By Gregory Campbell | 29/01/2019
APAC benchmark administrators hoping to retain or grow their user base in the EU must take action now to gain approval before 2020, say PwC’s Gregory Campbell and Daniela Bunea.
Enforcement
Vietnam’s SSC to Beef up Handling of Stock Market Violations
By Editors | 25/01/2019
The SSC is coordinating with Vietnam’s Ministry of Public Securities to ensure violators face criminal charges in addition to the existing administrative sanctioning regime.
Capital / Liquidity
Philippine Central Bank Revises Computation of Banks’ Net Worth
By Editors | 23/01/2019
The Philippines has changed its rules for calculating bank capital to better reflect asset quality and align with computations used for capital adequacy.
Securities / Derivatives
Myanmar to Establish Derivatives Market
By Editors | 21/01/2019
A plan to launch a derivatives market in Myanmar is afoot, but an important step is to put in place an appropriate regulatory regime.
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