Other Asia Pacific

Market Infrastructure

Philippine FSCC Identifies Leverage as Key Downside Risk

By Ranamita Chakraborty | 08/06/2021

Cross-border effects are creating a layer of risks on top of scars that Covid has already inflicted on the domestic economy, the FSCC says.

Capital / Liquidity

BSP Raises Bank Limits on Open FX Positions

By Ranamita Chakraborty | 07/06/2021

The BSP has raised the limit as part of a larger set of amendments to the framework for the management of banks’ open FX positions.

AML / KYC

BSP Orders Banks to Enhance STR Filing Processes

By Editors | 07/06/2021

Incorrect STR filings, as identified by the AMLC in a recent review, could downplay the risk and prioritisation of STRs, particularly when they involve high-risk crimes.

AML / KYC

APG Publishes 2nd Follow-up Report on Pakistan

By Editors | 04/06/2021

Pakistan had requested a re-rating on 23 FATF Recommendations: 21 were upgraded, one was not re-rated, and one was downgraded.

AML / KYC

Philippine Financing, Lending Firms Must Register with AMLC by 21 June

By Editors | 04/06/2021

Newly covered financing and lending companies that fail to register with the AMLC by 21 June will incur penalties.

ESG / Sustainability

BSP Outlines Expectations for Banks on Sustainable Finance

By Sanday Chongo Kabange | 04/06/2021

Banks must establish environmental and social risk management systems and disclose their sustainability initiatives in their annual reports.

Fintech / Regtech

BOT Awards CBDC Contract to German Firm G+D

By Sanday Chongo Kabange | 03/06/2021

Bank of Thailand has plans to test the use of a retail CBDC within 2022 before full implementation over 3-5 years.

Fintech / Regtech

LINE to Roll Out Digital Banking Platform in Indonesia

By Ranamita Chakraborty | 03/06/2021

The launch will mean Japan’s LINE will be offering digital banking services in three of its biggest overseas markets, namely Indonesia, Thailand and Taiwan.

ESG / Sustainability

Transparency & Data Needed to Fuel Green Equity Growth

By ESG Investor | 03/06/2021

The evolving asset class still presents risks due to differing definitions, transparency levels and data quality, according to panellists at an ASIFMA conference.