OTHER ASIA PACIFIC

Market Infrastructure

Thailand, Cambodia to Cooperate on Cross-Border Listings

By Editors | 13/08/2019

Thailand and Cambodia’s securities regulators have agreed on a plan to enable cross-border equity offerings and depositary receipts in a bid to boost the development of the CSX.

Capital / Liquidity

APAC Not Fully Meeting IFRS 9 Disclosure Objective: Moody’s

By Editors | 12/08/2019

Significant variations in reporting practices in some cases do not meet the disclosure objective of IFRS 9, Moody’s says, describing  HSBC Hong Kong and Hang Seng Bank as best in class.

Fintech / Regtech

Philippine SEC Proposes New Requirements for Online Lending Platforms

By Editors | 08/08/2019

The SEC proposes new disclosure and reporting requirements for operators of online lending platforms, in response to inquiries from the public about their registration and legitimacy.

Market Infrastructure

Indonesia to Ease Rules on Bank Mergers, Including for Foreign FIs

By Editors | 06/08/2019

The rules currently require acquiring banks to merge all their local operations into a single entity, but this has proved unpopular among foreign lenders seeking to expand Indonesia operations.

Enforcement

Thailand SEC to Incorporate AI in Price Manipulation Probes

By Editors | 02/08/2019

Existing investigation and fact-finding procedures currently take 1.5 years before civil sanctions or penalties are imposed.

Capital / Liquidity

BSP Approves New Risk Management Guidelines for Banks

By Editors | 29/07/2019

The guidelines seek to ensure that risks from banks’ investment activities are effectively identified, measured, monitored and controlled.

AML / KYC

SET Unveils Gateway to Access National Digital ID Platform

By Editors | 22/07/2019

The new gateway will reduce the setup costs required to access the NDID and enable financial firms to enable full digitisation of customer onboarding more quickly.

Fintech / Regtech

BOT Concludes Project Inthanon’s Second Phase

By Manesh Samtani | 22/07/2019

Phase 2 used smart contracts to automate bond lifecycle events, and introduced pre-validation to reduce error and fraud in funds transfers. Phase 3 will be a joint effort with the HKMA.

Market Infrastructure

No Time for Complacency Despite Two-Year BMR Reprieve

By Gregory Campbell | 21/07/2019

Third country benchmark administrators will need every bit of the additional time granted for BMR compliance to ensure their benchmarks get approved, say PwC’s Gregory Campbell and Daniela Bunea.