Other Asia Pacific

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    ESG / Sustainability

    ASEAN Taxonomy Version 3 Takes Effect Following Revisions

    By Editors | 02/01/2025

    Version 3 of the ASEAN Taxonomy was revised before it took effect to provide greater clarity on the two new focus sectors.

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    Capital / Liquidity

    Bangladesh Bank Issues Revised Stress Testing Guidelines for Banks

    By Editors | 02/01/2025

    The revised guidelines require all scheduled banks to conduct stress tests quarterly, including assessments of the impacts of climate-related risks.

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    Fintech / Regtech

    UnionPay Enhances QR Payments Connectivity with Laos

    By Editors | 01/01/2025

    UnionPay has enabled Chinese e-wallets to scan QR codes in Laos to make payments to local merchants

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    AML / KYC

    Vietnam Launches Nationwide Campaign Against Online Fraud

    By Editors | 01/01/2025

    Measures include developing an interagency coordination model and enhancing account verification, Internet banking security, and controls on crypto-related transactions.

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    AML / KYC

    PNG Agencies Launch New Anti-Money Laundering Task Force

    By Editors | 31/12/2024

    The task force is described as a “crucial step” in PNG’s efforts to combat financial crime and avoid being placed on the FATF’s grey list.

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    Crypto / Digital Assets

    Cambodia Issues New Regulatory Framework for Crypto

    By Manesh Samtani | 30/12/2024

    Banks can only have direct exposure to Group 1 cryptoassets. Services offered to customers can include other cryptoassets.

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    AML / KYC

    FATF Publishes Six Mutual Evaluation, Four Follow-up Reports

    By Editors | 28/12/2024

    New reports available for Marshall Islands, Nauru, Timor Leste, PNG, Oman, Argentina, Georgia, Monaco, Croatia, Poland

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    Fintech / Regtech

    Cambodia, Vietnam Launch Cross-Border QR Payments Linkage

    By Sanday Chongo Kabange | 16/12/2024

    The linkage allows Vietnamese and Cambodian visitors scan QR codes to make payments at merchants in each other’s countries.

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    Securities / Derivatives

    Transitioning to T+1 Settlement: Challenges for Europe and Asia 

    By Nithya Subramanian | 11/12/2024

    DTCC’s Val Wotton discusses how Asia-based firms will be impacted by the transition to T+1 in the UK and Europe.

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    Capital / Liquidity

    Bangladesh Bank Issues New Rules on Loan Classification, Provisioning

    By Mark Johnston | 29/11/2024

    The new guidelines introduce an ECL methodology-based provisioning system in line with IFRS 9, to be fully implemented by 2027.

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