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Big Picture
APAC Firms Failing at Cyber Breach Detection – Report
By Manesh Samtani | 22/04/2018
Asia Pacific firms take over 16 months to detect breaches, compared to over three months globally; over 35 months if breaches detected by external parties.
Securities / Derivatives
Thailand Futures Exchange to Accept Both Cash and Non-cash Collateral
By Editors | 19/04/2018
TFEX to accept government and BOT issued bonds and equities underlying stock futures initially, in a move expected to ease trading and lower costs for investors.
AML / KYC
Philippines Targets Retail Finance Digitalisation
By Garima Chitkara | 19/04/2018
BSP governor laid out the central bank’s regulatory priorities in fintech and regtech while revealing regulation around AML/KYC requirements and mitigating the risks surrounding data security.
Big Picture
Indonesian Banks Receive Moody’s Upgrades
By Editors | 18/04/2018
Last week’s sovereign rating upgrade reflects the Indonesian government’s capacity to provide support in times of stress, particularly for systemically important institutions.
Enforcement
Vietnam Investigating $660mn Cryptocurrency Fraud
By Samuel Riding | 16/04/2018
Central bank concerned up to 32,000 people have been defrauded; Prime Minister urges regulators to ‘toughen management’ of cryptocurrency activity.
Capital / Liquidity
Sri Lanka Makes Credit Ratings Compulsory for Finance Companies
By Editors | 13/04/2018
Licensed finance companies are required to enter into agreement with reputed credit agencies to obtain ratings by 30 April.
Enforcement
Former Maybank Executive Jailed for Insider Trading
By Samuel Riding | 11/04/2018
Ex head of equity markets at Malaysia’s largest bank also fined $250,000 for offences which occurred more than 10 years ago.
Capital / Liquidity
Philippine Bank Profits Insufficient to Support Asset Growth – Moody’s
By Editors | 09/04/2018
Moody’s says loan growth outpaces capital growth at Philippine banks as strong macroeconomic conditions increase credit demand; banks require external capital raising to improve capital ratios.
Capital / Liquidity
Indonesia to Boost Bank Lending Through “Flexible” Credit, Liquidity Rules
By Editors | 09/04/2018
New rules reduce reserve requirements, simplify foreign currency deposit rules and allow banks to use their liquidity buffers to raise funding in repo transactions.
Capital / Liquidity
Moody’s Upgrades Vietnamese Banks on Improved Asset Quality
By Editors | 09/04/2018
Asia Commercial Bank shows improvement since imprisonment of former vice chairman for fraud, tax evasion and illegal trade.
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