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BOT Directs Banks to Halt Pressure Sales of Insurance
By Pongnut Thanaboonchai | 22/11/2021
The BOT has instructed banks to control the quality of their insurance sale practices, saying it is ready to implement “more intense” regulatory measures.
Market Infrastructure
Bank Indonesia Issues Implementation Regulations for BI-FAST
By Editors | 22/11/2021
Banks with IDR 6 trillion in core capital, and non-bank institutions with IDR 100 billion in paid-up capital, can be direct participants of BI-FAST.
Big Picture
FS-ISAC Offers Recommendations for Cyber Defence in 2022
By Mark Johnston | 21/11/2021
APAC financial institutions face threats from ransomware attacks, supply chain risks, and the resurgence of trojans and DDOS attacks.
Capital / Liquidity
Vietnam Banks Rush to Raise Capital for Basel Requirements – Report
By Ranamita Chakraborty | 19/11/2021
The SBV has approved proposals for several state-owned and private banks to increase their charter capital.
Fintech / Regtech
A Regulatory Minefield: The Future of Digital Currency
By Mark Johnston | 18/11/2021
Digital currencies are the regulatory challenge of our time with significant upsides of financial inclusion, but also a minefield requiring careful navigation.
Sri Lanka Budget Imposes Heavy Burden on Financial Industry
By Duruthu E Chandrasekera | 18/11/2021
Sri Lankan bankers estimate that nearly 50 percent of the proposed LKR 304 billion in the budget will come from the financial services industry.
Securities / Derivatives
CSE Set to Implement New Index Calculation Methodology
By Duruthu E Chandrasekera | 18/11/2021
The current methodology has resulted in record high index levels from trading activity in stocks with little free float and actual liquidity.
Market Infrastructure
BOT Sets Milestones for Reducing THBFIX Exposure in Derivatives
By Pongnut Thanaboonchai | 17/11/2021
By mid-2022, the total notional outstanding of THBFIX derivatives maturing after 2025 should be reduced by 50 percent compared to end-June 2021 figures.
Crypto / Digital Assets
Asia’s Payments Landscape Shines at Singapore Fintech Festival
By Mark Johnston | 16/11/2021
The Asian fintech scene witnessed a raft of new announcements at this year’s Singapore Fintech Festival held from 8-12 November 2021.
Market Infrastructure
BSP Pursues Cross Border Payment Links with Malaysia, Thailand
By Editors | 16/11/2021
The BSP has been in dialogue with ASEAN central banks including MAS, BNM and BOT to make cross-border payment flows cheaper and more seamless.
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