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Market Infrastructure
ASEAN ‘Close’ to Financial Services Free Trade Agreement
By Samuel Riding | 09/04/2018
Statement says deal on trade in services close to agreement, ASEAN members to also update wider agreement on cross-border services this year.
Market Infrastructure
Bursa Malaysia Enhances Collective Investment Rules
By Editors | 07/04/2018
Unit holder protections, corporate governance, disclosure quality to be enhanced; applicable to REITs, ETFs, closed-end funds.
Fintech / Regtech
Philippines to Strengthen Supervision Through Regtech
By Editors | 05/04/2018
BSP to adopt regtech solutions including API for electronic data submissions by FIs, chatbot for complaints to the regulator.
Capital / Liquidity
Bangladesh Grants Lifeline to Private Banks Amid Liquidity Crisis
By Manesh Samtani | 03/04/2018
Government cuts cash reserve requirement to free up 100 billion takas, allows state agencies to boost deposits at private commercial banks.
Market Infrastructure
Bangladesh Banks Call for Reforms on Internal Controls, Compliance
By Garima Chitkara | 02/04/2018
The Bangladesh Institute of Bank Management presented a report calling for reform of internal control and compliance departments at the country’s banks.
AML / KYC
Sri Lanka Investigating “Suspicious” Chinese-held Bank Accounts
By Garima Chitkara | 02/04/2018
Sri Lanka’s financial crimes unit is investigating suspicious transactions originating from three Chinese-held accounts with LKR957 million.
Market Infrastructure
Malaysia Foils Cyber Attack Involving Falsified SWIFT Messages
By Manesh Samtani | 01/04/2018
Unauthorised transactions were prevented by central bank, no financial losses occurred; near breach prompts increased vigilance in the Philippines.
Crypto / Digital Assets
Thailand Finalises Cryptocurrency Tax Framework
By Manesh Samtani | 30/03/2018
Cryptocurrency trades to be subject to 7 percent value added tax and 15 percent capital gains tax; fintech association chair says move may drive startups overseas.
Capital / Liquidity
Indonesian D-SIBs Ordered to Boost Capital
By Editors | 29/03/2018
Regulator has imposed a Tier 1 capital surcharge between 1 and 3.5 percent on the country’s systemically important banks.
Capital / Liquidity
Malaysia to Make Specialist Compliance, Risk Management Qualifications Compulsory
By Editors | 29/03/2018
BNM to introduce code of conduct for senior FI personnel, regulatory standards to govern banks’ increased outsourcing of functions.
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