Other Asia Pacific

Market Infrastructure

S. Korea, Sri Lanka Become First in APAC to Raise Interest Rates

By Editors | 26/08/2021

The BOK is looking to curb household debt and home prices. The CBSL wants to stem inflationary pressure and the depreciation of the local currency.

AML / KYC

APG Releases 2021 Typologies Report, Case Studies

By Editors | 26/08/2021

The report includes information on the risks associated with proliferation financing, Covid-19, cryptocurrencies, shell companies, and real estate.

Market Infrastructure

BSP to Roll Out Unified Data Standards for FIs by Year-End

By Ranamita Chakraborty | 25/08/2021

The framework seeks to ensure that all the information obtained by and passed through different digital channels is handled ethically.

Fintech / Regtech

BOT Confirms Plans to Pilot Retail CBDC in Q2 2022

By Sanday Chongo Kabange | 24/08/2021

The CBDC will be cash-like and non-interest-bearing, to ensure that it does not compete with deposits or cause runs on financial institutions.

Capital / Liquidity

BOT Announces Measures to Incentivise Debt Restructuring

By Pongnut Thanaboonchai | 24/08/2021

The incentive scheme involves a relaxation of capital reserve requirements through flexible implementation of classification and provisioning guidelines.

Fintech / Regtech

BSP to Close Application Window for Digital Banks

By Editors | 23/08/2021

The application window will be closed for three years. Applications received by 31 August will be processed on a first-come, first-served basis.

Market Infrastructure

BSP Designates RTGS System as Systemically Important

By Ranamita Chakraborty | 23/08/2021

The BSP was granted authority to designate systemically important payment systems under the National Payment Systems Act, which was signed into law in 2018.

ESG / Sustainability

Thailand: Regulators Set Out Sustainable Finance Initiatives

By Editors | 22/08/2021

The strategic initiatives include the development of a sustainable finance taxonomy, the ESG data environment, and sustainable finance products.

Capital / Liquidity

OJK Indonesia Introduces Digital Banking Framework

By Editors | 22/08/2021

Digital banks should have a minimum paid-up capital of IDR 10 trillion (USD 694 million). However, the capital deposit required at the time of application is IDR 3 trillion.