Other Asia Pacific

    Market Infrastructure

    Vietnam’s Data Privacy Decree: the Tip of the Global Compliance Iceberg

    By John Berven | 03/06/2021

    Organisations can leverage lessons from implementing GDPR and other international data laws to address Vietnam’s new Personal Data Protection Act, writes John Berven.

    Crypto / Digital Assets

    DeFi May Be Subject to Licensing Requirement, Warns Thai SEC

    By Sanday Chongo Kabange | 03/06/2021

    The SEC warned that failure to obtain a licence for the issuance of digital tokens on DeFi platforms could be punishable under the Digital Assets Act.

    Securities / Derivatives

    Philippine SEC Issues Draft Guidelines for ASEAN CIS Framework

    By Editors | 03/06/2021

    The draft guidelines will operationalise the supplemental MOU signed last month to admit the Philippines to the ASEAN CIS framework.

    Capital / Liquidity

    BSP Sets Out Approval Procedures for Bad Loan Disposal

    By Ranamita Chakraborty | 02/06/2021

    The BSP has set out the procedure for lenders to apply for approval to dispose of NPAs under the provisions of the FIST Act.

    AML / KYC

    Philippines: 26 Groups Jointly Call for Easing of Bank Secrecy Law

    By Ranamita Chakraborty | 02/06/2021

    The groups say the Philippines lags the world on bank secrecy and allows politicians and other government officials to hide unexplained wealth.

    AML / KYC

    Interpol Concludes APAC Operation Targeting Online Financial Crime

    By Manesh Samtani | 02/06/2021

    The six-month operation led to 585 arrests, more than 1,600 bank account freezes, and the interception of USD 83 million in illicit funds.

    Cambodia: NBC Extends Debt Relief Measures to Year-End

    By Sanday Chongo Kabange | 01/06/2021

    The NBC has committed to maintaining the RRR at 7 percent “until further notice” and removed a three-time limit on debt restructuring.

    AML / KYC

    Why Asia Needs to Know About a German Supply Chain Law

    By Elke Biechele. RisikoTek | 01/06/2021

    A more evidence-driven approach to supply chain due diligence is needed as human rights and environmental risk come into focus, writes Elke Biechele.

    New Reputational Risk Guidelines to Strengthen Resilience: BSP

    By Ranamita Chakraborty | 01/06/2021

    Financial institutions have until April 2022 to fully comply with the BSP’s new guidelines on reputational risk management.

    ESG / Sustainability

    PASLA, RMA Issue New Guidance on ESG-based Securities Lending

    By ESG Investor | 30/05/2021

    The guidance offers best practice to help institutional investors ensure compatibility of their ESG principles with securities lending activities.

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