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Securities / Derivatives
Thai SEC Proposes More Flexible Rules for Fund Advertising
By Pongnut Thanaboonchai | 11/08/2021
More principle-based requirements will provide more flexibility to fund managers while still adequately protecting investors, the SEC said.
AML / KYC
North Korea Continues to Evade Sanctions – Report
By Editors | 10/08/2021
A draft report by a UN panel of experts says North Korea has continued to evade sanctions through open sea ship-to-ship transfers and other means.
AML / KYC
BSP to Finalise Members of Open Finance Body This Year
By Sanday Chongo Kabange | 10/08/2021
The open finance oversight committee which will formulate standards for consent-based data sharing will include representation from across the financial industry.
Capital / Liquidity
Thailand to Lower Deposit Protection to 1 Million Baht
By Pongnut Thanaboonchai | 10/08/2021
The maximum threshold of deposit protection will be lowered from 5 million baht to 1 million baht, effective from 11 August.
Fintech / Regtech
Cambodia Explores Cross-border Transactions Using ‘Bakong’
By Editors | 10/08/2021
Cambodia launched its Bakong digital currency in October 2020. In the first half of 2021, 1.4 million transactions worth $500mn were recorded.
Myanmar Central Bank Restricts Foreign Hiring at Banks
By Editors | 10/08/2021
CBM approval is needed to hire foreign employees. Large banks are limited to 25 foreign employees; medium-sized banks to 15; and small banks to 8.
ESG / Sustainability
Thailand’s Proposed SME Board Falls Short of Market Needs
By Pongnut Thanaboonchai | 09/08/2021
The SEC’s proposed SME board is unlikely to facilitate access to capital for startups that are most in need of funding, says Pongnut Thanaboonchai.
AML / KYC
Thai SEC Proposes UBO Registration Rules for Securities Firms
By Sanday Chongo Kabange | 08/08/2021
Securities firms offering trading, exchange or underwriting services will be required to ensure customers register their foreign beneficiaries.
Market Infrastructure
FIs Team Up to Accelerate Coal Plant Closures in APAC
By Editors | 05/08/2021
Prudential, Citi, HSBC, and BlackRock are reportedly working on a plan to buy out coal-fired plants and wind them down early.
Capital / Liquidity
Bangladesh Bank to Enhance Monitoring of NBFI Lending
By Ranamita Chakraborty | 05/08/2021
The new reporting policy will enable the central bank to monitor NBFI lending more closely and ensure provisions are being adequately maintained.
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