Other Asia Pacific

    CBSL Issues Corporate Governance Rules for Finance Companies

    By Duruthu E Chandrasekera | 12/01/2022

    Directors must undergo annual performance assessments and impose measures to limit related party transactions and manage conflicts of interest.

    Market Infrastructure

    Indonesia: OJK Outlines Capital Market Priorities for 2022

    By Mark Johnston | 11/01/2022

    OJK will work on developing a carbon exchange at IDX, new derivative instruments, and central clearing infrastructure.

    CBSL Orders Banks to Surrender More Foreign Currency

    By Duruthu E Chandrasekera | 03/01/2022

    The CBSL has raised the amount of foreign currency banks have to sell to the central bank from 10 to 25 percent of inward remittances and export proceeds.

    Market Infrastructure

    Sri Lanka Takes Step Forward on CCP Establishment

    By Duruthu E Chandrasekera | 03/01/2022

    A newly-formed committee will identify the CCP’s operating model and propose the necessary procedures for its establishment, including procurement.

    ESG / Sustainability

    Malaysia, Thailand Launch Phase 2 of QR Payments Linkage

    By Editors | 02/01/2022

    Cross-border instant QR payments are now available for travellers between Malaysia and Thailand, including for online e-commerce transactions.

    BSP to Enhance Bank Reporting of Credit, Equity Exposures

    By Editors | 31/12/2021

    Banks will pilot test the new submissions from February until May 2022, using data from the 30 June 2021 reporting period.

    Fintech / Regtech

    BOT to Delay Testing of Retail CBDC to Late 2022

    By Editors | 30/12/2021

    After discussions with relevant parties and careful consideration, Thailand will proceed slowly, said BOT deputy director Kasidit Tansanguan.

    Securities / Derivatives

    Indonesian Bourse Relaxes Listing Rules to Draw in Tech IPOs

    By Editors | 28/12/2021

    The relaxed rules allow firms to fulfil other qualifications in lieu of the existing net tangible assets requirements for listing.

    Market Infrastructure

    CBSL Issues Technology Risk Management Rules for Banks

    By Duruthu E Chandrasekera | 28/12/2021

    The rules require banks to establish an Information Security Committee, chaired by the CEO, to assess the strategic and operational management of the technology risk.

    Market Infrastructure

    Indonesian Regulators Publish LIBOR Transition Guide

    By Editors | 28/12/2021

    The guide recommends five steps for market participants with LIBOR exposures, to help them respond to and prepare for the transition.

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