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Market Infrastructure
Bank Indonesia Set to Launch Faster Payment System
By Sanday Chongo Kabange | 11/11/2021
‘BI-Fast’ will enable real-time payments 24/7 for retail customers, and will also be used in cross-border payments in future.
ESG / Sustainability
OJK Indonesia Establishes New Sustainable Finance Task Force
By Ranamita Chakraborty | 10/10/2021
The task force comprises 47 financial institutions including banks, securities firms, insurers, pension funds and financiers.
Securities / Derivatives
ASEAN Exchanges to Identify Common ESG Metrics
By Pongnut Thanaboonchai | 26/09/2021
Seven ASEAN exchanges have formed a new ESG working group to start work towards a ‘common sustainability programme’.
Market Infrastructure
China, Indonesia Launches Local Currency Settlement Framework
By Sanday Chongo Kabange | 08/09/2021
Bank Indonesia has also recently expanded its local currency settlement frameworks with Japan, Malaysia and Thailand.
Capital / Liquidity
Bank Indonesia Raises Mandatory MSME Lending Thresholds
By Pongnut Thanaboonchai | 07/09/2021
The mandatory minimum MSME lending requirements will be increased in phases. Lenders that fail to meet the thresholds will face a maximum penalty of IDR 5 billion.
Market Infrastructure
Bank Indonesia Issues Framework for Open Banking
By Sanday Chongo Kabange | 26/08/2021
Under the framework, 16 banks and payment service providers will be required to adopt open API systems by June 2022.
Fintech / Regtech
Thailand, Indonesia Pilot Cross-border QR Payment Link
By Manesh Samtani | 17/08/2021
The full commercial launch will take place in Q1 2022. Indonesia has separately also launched a national open API payment standard.
Securities / Derivatives
Indonesia Launches First Electronic Market for Rupiah Trading
By Ranamita Chakraborty | 11/07/2021
The launch of Refinitiv’s Matching trading system is expected to increase liquidity, efficiency and price transparency.
AML / KYC
Indonesia, Brunei to Cooperate on AML/CTF in Payments
By Editors | 03/07/2021
The MoU aims to strengthen policy cooperation on AML/CTF in payments. Indonesia is seeking to become a member of the FATF.
Securities / Derivatives
SEC Thailand Revises Guidelines on Depositary Receipts
By Sanday Chongo Kabange | 24/06/2021
The revisions seek to facilitate the introduction of more depositary receipt products in the Thai capital market.
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