Other Asia Pacific

    Capital / Liquidity

    CBSL Orders Banks to Delay Dividends, Halt Share Buybacks

    By Editors | 24/01/2021

    Foreign banks are also instructed to defer repatriation of profits not already declared for 2019 and 2020 until their financial statements for 2020 are finalised and audited.

    AML / KYC

    Financial Crime 2021: Digital ID, Due Diligence, Sanctions

    By Editors | 21/01/2021

    Last year’s financial crime landscape forced many FIs to rapidly adapt to evolving threats. In the year ahead, a continued focus on risk mitigation is prudent.

    Securities / Derivatives

    Hong Kong, Thailand Agree Mutual Recognition of Funds

    By Editors | 20/01/2021

    Each Hong Kong or Thai fund approved under the MRF scheme will have to appoint a firm in the other market to serve as its representative.

    AML / KYC

    Lessons Learned From APAC’s Landmark Year of AML Fines

    By Payal Patel | 19/01/2021

    Drawing from landmark penalties in 2020, FINTRAIL’s Payal Patel and Sara Abbasi identify key lessons to help financial institutions guard against financial crime.

    AML / KYC

    UPDATED: Philippine Senate Approves Amendments to AML Law

    By Editors | 19/01/2021

    The approval comes ahead of an evaluation by the FATF, slated for February, as the Philippines seeks to avoid being gray-listed.

    ESG / Sustainability

    Thailand SEC Declares Support for TCFD, Enhanced ESG Disclosures

    By Sanday Chongo Kabange | 18/01/2021

    The move will lead to better disclosure of ESG information in the capital market, including information related to greenhouse gas emissions.

    Crypto / Digital Assets

    SET Announces Three Year Plan to Bolster Capital Market

    By Editors | 17/01/2021

    The SET will increase fundraising opportunities for local and foreign firms, promote ESG reporting, and add more products with international exposure.

    Fintech / Regtech

    Philippine SEC Approves First Crowdfunding Platform

    By Editors | 14/01/2021

    Investree Philippines is the first crowdfunding intermediary and funding portal to register with the SEC since rules covering the activity took effect in July 2019.

    Securities / Derivatives

    BSEC to Form Market Stabilisation Fund with Unclaimed Dividends

    By Editors | 14/01/2021

    Listed companies in Bangladesh have unclaimed cash and stock dividends worth about $2.5bn, which will be used to support the capital market.

    Market Infrastructure

    BSP Deploys New Supervisory Assessment Framework

    By Editors | 12/01/2021

    SAFr aims to facilitate forward-looking assessments of financial institutions and link their systemic importance and risk profile to the level of supervisory attention they receive.

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