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Fintech / Regtech
Maybank to Enable Real-time Payments for Cambodia, Malaysia
By Editors | 12/10/2019
Cambodia’s central bank and Malaysia’s Maybank will work together to enable real-time cross-border transfers, payments and remittances between the two countries.
Market Infrastructure
Sri Lanka Finalises Personal Data Protection Bill
By Editors | 12/10/2019
The Bill was modelled after international practices including GDPR. Once ratified, it will be implemented in stages over three years.
Sanctions
Philippine SEC Proposes New Rules for REITs
By Editors | 10/10/2019
The SEC hopes to develop a viable REIT market to provide funding for infrastructure projects and investment opportunities for local investors.
Market Infrastructure
Thailand Banking Sector Resilient to Severe Shocks: IMF
By Editors | 10/10/2019
Stress tests results and sensitivity analysis indicate that Thailand’s largest banks can withstand a shock broadly “as severe as the Asian financial crisis”.
AML / KYC
BOT Plan to Allow Biometric e-KYC Delayed in Testing
By Editors | 09/10/2019
The BOT had planned to allow the use of biometric identity verification for account opening by Q3 this year, but testing in the sandbox has not yet been completed.
Capital / Liquidity
Initial Margin Challenges Confronting Asian Markets
By Purtini Joshi | 08/10/2019
DTCC’s Purtini Joshi outlines three key challenges firms need to address to ensure compliance with Phase 5 and Phase 6 implementation of initial margin regulations.
AML / KYC
Thailand Cabinet Approves Draft AML Regulations
By Editors | 08/10/2019
Under the rules, financial institutions will be required to obtain additional source of funds information from customers for cross-border transfers exceeding 50,000 baht.
Capital / Liquidity
Philippines Amends Framework for Identifying D-SIBs
By Editors | 04/10/2019
The BSP will give more importance to a bank’s size and interconnectedness when deciding which lenders should be classified as D-SIBs.
Market Infrastructure
Indonesia Announces Rules for the Establishment of CCPs
By Editors | 04/10/2019
The new rules from Bank Indonesia will take effect from June 2020, but the first CCPs for derivatives markets are unlikely to be operational until 2023.
Fintech / Regtech
BSP Streamlines Rules for Payment System Operators
By Editors | 03/10/2019
The Philippine central bank has simplified the registration process for payment system operators, and created a new consolidated manual of regulations to facilitate compliance.
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