Other Asia Pacific

Securities / Derivatives

SET Seeks to Allow Derivative Warrants to Use Foreign Stocks

By Ranamita Chakraborty | 22/07/2021

The SET will ask the Thai SEC to amend regulations to allow derivative warrants to use foreign stocks as their underlying assets.

AML / KYC

BOT Warns Against Using Crypto As Means of Payment

By Sanday Chongo Kabange | 18/07/2021

If the use of digital assets as a means of payment for goods and services become widespread, the BOT will take action in coordination with the SEC.

BOT Allows Two-month Debt Holiday Amid Fresh Lockdown

By Editors | 18/07/2021

Individuals and SMEs impacted by the latest Covid-19 lockdown measures can suspend principal and interest payments for two months.

Crypto / Digital Assets

Vietnam to Explore Creation of Digital Currency

By Sanday Chongo Kabange | 18/07/2021

Vietnam’s strategy on digitising the local government includes directions for the SBV to pilot the use of a digital currency.

AML / KYC

Bangladesh Brokerage Owners Accused of Embezzlement

By Editors | 17/07/2021

The BSEC has initiated an inquiry into Banco Securities, which has already had its trading suspended and bank account frozen amid embezzlement allegations.

Enforcement

Bangladesh Probes Loss-making State Banks Over Large Bonuses

By Sanday Chongo Kabange | 16/07/2021

Under existing rules, employees should not receive incentive bonuses from state-owned commercial banks if they fail to make a profit.

Securities / Derivatives

Sri Lanka to Launch New OTC Platform for Repo Trading

By Sanday Chongo Kabange | 15/07/2021

Firms seeking to carry out repo transactions on debt securities are invited to apply for trading membership.

AML / KYC

Philippine AMLC Directs Banks to Implement Freeze Orders ‘Immediately’

By Ranamita Chakraborty | 13/07/2021

Some covered persons commence implementation of freeze orders with only a few days remaining before the expiry of the period prescribed, the AMLC says.

BOT Adjusts ‘Debt Clinic’ Criteria, Extends Debtor Support

By Editors | 12/07/2021

Measures to help debtors have been extended to continue until December 2021, allowing them to make repayments according to their ability to repay.