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Fintech / Regtech
Thailand to Start Testing Retail CBDC in Q2 2022
By Sanday Chongo Kabange | 07/04/2021
The BOT says the retail digital baht will provide access to convenient and secure financial services without affecting Thailand’s financial system.
Enforcement
Myanmar: Korean Banks Raise Vigilance After Employee Shooting
By Ranamita Chakraborty | 05/04/2021
A Shinhan Bank employee has died after being shot in the head by Myanmar’s military forces. Meanwhile, local private banks are being fined for remaining closed.
Fintech / Regtech
Thailand, Vietnam Launch Cross-Border QR Code Link
By Sanday Chongo Kabange | 03/04/2021
The retail payment link will facilitate cross-border transactions between Thailand and Vietnam using local currencies.
Securities / Derivatives
PSE Proposes to Exempt AIFs from Lock-up Rules
By Editors | 02/04/2021
Currently, alternative investment funds that acquired shares 180 days before an IPO are subject to a 365-day lock-up period.
BSP Encourages Greater Development of Islamic Banking
By Ranamita Chakraborty | 01/04/2021
The BSP is proactively approaching local and foreign lenders to ascertain whether they are interested in establishing Islamic banking units.
Thailand Unveils More SME Support, ‘Asset Warehousing’ Scheme
By Sanday Chongo Kabange | 29/03/2021
The asset warehousing scheme allows debtors to transfer assets for debt settlement while allowing them the right to buy back these assets at a later date.
Capital / Liquidity
Philippine Senate Considers Bills to Enhance Deposit Insurance
By Ranamita Chakraborty | 28/03/2021
The Senate is considering a bill to double the maximum deposit insurance limit to PHP 1 million per depositor.
AML / KYC
US Sanctions Holding Companies Backing Myanmar Military
By Editors | 26/03/2021
The new sanctions target the Myanmar military’s control of significant segments of the country’s economy, which is a vital financial lifeline for the military junta.
Market Infrastructure
BOT Issues First Floating Rate Bonds Based on THOR
By Editors | 25/03/2021
Investor interest was stronger than expected, with subscriptions amounting to more than four times the proposed issue size.
AML / KYC
Compliance Costs Impacted by Technology, Covid: Report
By Sanday Chongo Kabange | 25/03/2021
Firms across APAC that allocate a higher percentage of compliance spend to technology have comparatively lower overall compliance cost.
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