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Securities / Derivatives
SET Launches Interbank Payment System for Securities Transactions
By Editors | 13/11/2019
The new system will provide greater convenience for investors, alleviate intermediaries’ cash management burden, and mitigate payment risks in the banking system.
Market Infrastructure
Myanmar to Open Applications for Foreign Bank Licensing
By Editors | 09/11/2019
Branch licences will allow wholesale banking activities, while subsidiary licences will permit retail banking services in addition to wholesale banking.
Market Infrastructure
Thailand Eases Capital Controls to Stem Currency’s Rise
By Editors | 08/11/2019
Investors are allowed to invest up to $200,000 in foreign securities without going through a Thai intermediary, and restrictions on outward fund transfers have been eased.
Big Picture
Tokenisation Could Revolutionise Traditional Finance: ASIFMA
By Editors | 06/11/2019
Tokenised securities will impact traditional finance and act as a bridge between legacy finance and the new digital world, taking benefits from each system, ASIFMA says in a new white paper.
AML / KYC
Bangladesh to Launch e-KYC for Bank Account Opening in January
By Editors | 31/10/2019
Account opening in Bangladesh currently takes 3-7 days. Based on pilot testing in 33 districts, the new e-KYC system will reduce this to just 5 minutes.
Market Infrastructure
Transitioning Away from IBORs: The View from Asia
By Garima Chitkara | 30/10/2019
Asian banks have a large and complex operational task ahead of them as they prepare for a post-LIBOR world after 2021, say KPMG’s Marie Gervacio and Luke Gower.
Capital / Liquidity
Philippines Mulls Imposing Limits on Lending Rates, Fees
By Editors | 30/10/2019
The BSP is considering placing limits on the interest rates and other fees lenders and finance companies can charge borrowers in response to a request from the SEC.
Market Infrastructure
BOT Solicits Comments on Draft ‘Thailand FX Code’
By Editors | 27/10/2019
The BOT invites wholesale FX market participants to comment on a draft ‘Thailand FX Code’ by 25 November.
Capital / Liquidity
BSP Announces New Round of Reserve Requirement Cuts
By Editors | 25/10/2019
The fresh 100bp RRR cut follows a 100bp cut announced last month and a three-step 200bp cut from May to July this year.
AML / KYC
Philippines to Start Issuing New National IDs in April
By Editors | 24/10/2019
The new IDs will make it easier for the unbanked to open accounts and avail of financial financial services, said BSP governor Benjamin Diokno.
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