Other Asia Pacific

AML / KYC

Philippines, Indonesia to Cooperate on AML/CFT

By Editors | 06/08/2018

The governors of BSP and BI signed an MoU to cooperate on AML and CFT for payment and settlement systems, focusing on policy dialogue, information exchange and capacity building.

Market Infrastructure

Thailand Banks Hit by Cyber Attack Resulting in Data Leak

By Garima Chitkara | 02/08/2018

Hackers have stolen non-financial data of over 120,000 customers from Kasikornbank and Krungthai Bank in the first such data leak in the Thai banking sector.

Market Infrastructure

Thailand to Offer Fee-Free ‘Basic’ Banking

By Garima Chitkara | 01/08/2018

Thailand’s banks will offer basic accounts that exempt senior citizens and welfare recipients from entry fees, annual charges and minimum deposit requirements.

Capital / Liquidity

Vietnam ‘Bad Bank’ Drives NPL Ratios Below 3pc

By Garima Chitkara | 01/08/2018

Setup five years ago, the Vietnam Asset Management Company is responsible for resolving 40% of NPLs, helping bring down NPL ratios at commercial banks to just 2.18 percent currently.

Market Infrastructure

CPMI-IOSCO Report Shows PFMI Implementation Progress

By Manesh Samtani | 27/07/2018

21 of 28 jurisdictions self-attest to full implementation of PFMI; South Korea’ implementation gap relates to trade repositories, while Indonesia’s relates to clearing and settlement systems.

Capital / Liquidity

Vietnamese State-Owned Banks Face Weakening Credit Profiles – Moody’s

By Garima Chitkara | 26/07/2018

Vietnamese state-owned banks are raising external capital at a much slower pace than their privately-owned counterparts, putting pressure on their capital ratios and overall competitiveness, according to a Moody’s report.

Fintech / Regtech

Shariah Fintech – A Case Study of Indonesia

By Sharifah Nursyafiqah | 25/07/2018

Better support and regulation for Shariah-compliant fintech will serve to boost the Islamic finance industry, increasing the share of Islamic banks in Indonesia’s financial services sector and ultimately making it more competitive.

Fintech / Regtech

Technology and Regulation: Rapidly Reforming the Funds Industry

By Leo Chen | 25/07/2018

The Asian funds industry is undergoing a period of fundamental change and challenge. This is a result of shifting investor demographics, rapid technological development, the emergence of technology firms and tightening regulation.

Fintech / Regtech

ASIFMA Publishes Report on Outsourcing Regulation

By Editors | 24/07/2018

The report includes nine proposed leading principles for regulation of outsourcing to help securities, futures and banking intermediaries navigate different regulatory landscapes in Asia-Pacific.