Other Asia Pacific

Securities / Derivatives

Thai SEC Eases Red Taps for Foreign Issuers Seeking IPO

By Pongnut Thanaboonchai | 12/09/2021

The change will reduce the burden of raising funds for foreign companies and help boost the competitiveness of Thai capital markets, the SEC said.

AML / KYC

Philippine SEC Disseminates Guidance on Targeted Financial Sanctions

By Editors | 12/09/2021

The guidance now covers targeted financial sanctions related to terrorism, terrorism financing, and proliferation financing, including remedies and relevant UNSC links.

Capital / Liquidity

Bangladesh Banks Asked for Plans to Address Capital Shortfall

By Editors | 12/09/2021

Eleven banks, including seven that are state-owned, are asked to explain how they plan to address capital shortfalls.

Fintech / Regtech

Philippines: BSP Has 11 Digital Bank Applications to Review

By Editors | 12/09/2021

Two applications were already under review. Nine new applications were received before the deadline. Only two more licences may be up for grabs.

Market Infrastructure

CBSL Governor Steps Down as Sri Lanka Faces FX Crisis

By Editors | 12/09/2021

Sri Lanka has imposed import restrictions to limit foreign currency outflows, while also borrowing more internationally to bolster its reserves.

Fintech / Regtech

Thailand to Revoke Huobi Digital Asset Exchange Licence

By Pongnut Thanaboonchai | 12/09/2021

Huobi was not able to fix deficiencies in its systems within various timelines stipulated by the SEC.

AML / KYC

Philippine AMLC Asks Firms to Provide UBO Information in STRs

By Sanday Chongo Kabange | 10/09/2021

The FATF action plan requires the Philippines to enhance and streamline law enforcement agencies’ access to accurate and up to date beneficial ownership information.

Market Infrastructure

Sri Lanka Passes New SEC Act to Bolster Capital Market

By Duruthu E Chandrasekera | 09/09/2021

SEC chairman Viraj Dayaratna described the new law as “futuristic”, saying it will help to increase market liquidity and attract foreign investment.

Market Infrastructure

China, Indonesia Launches Local Currency Settlement Framework

By Sanday Chongo Kabange | 08/09/2021

Bank Indonesia has also recently expanded its local currency settlement frameworks with Japan, Malaysia and Thailand.