OTHER ASIA PACIFIC

    Fintech / Regtech

    Philippine SEC Consults on Draft Rules for Digital Asset Exchanges

    By Manesh Samtani | 19/07/2019

    The rules specify capital requirements of PHP 100mn, plus 12 months of operating expenses, and allow digital asset exchanges in the Philippines to be set up by foreign-registered entities.

    Crypto / Digital Assets

    Thailand to Mandate Extra Reporting Rule for Digital Asset Trades

    By Editors | 19/07/2019

    Digital asset exchanges will have to report all trades exceeding 5 million baht to commercial banks, which will then report the transactions to the Thailand’s Anti-Money Laundering Office.

    Big Picture

    Competitive Dynamics in Banking Intensify Across APAC: S&P Global

    By Manesh Samtani | 18/07/2019

    Indigenous virtual banks, global digital-only banks, and digitised traditional banks are all vying for market share, says a new report from S&P Global Ratings.

    Securities / Derivatives

    Myanmar Bourse May Open to Foreigners by Year-End

    By Editors | 17/07/2019

    Foreign investors will be allowed to hold up to a 35% stake in Myanmar-listed companies, as stipulated in the new Companies Law, which entered into force in August 2018.

    Securities / Derivatives

    Dhaka Bourse to Develop Tradeable Capital Market Indices

    By Editors | 17/07/2019

    The Shanghai and Shenzhen bourses, as strategic partners, will provide technical support to help the Dhaka Stock Exchange develop the new indices.

    AML / KYC

    The Rise of Digital Banks in Asia Raises Compliance Questions

    By Claus Christensen | 16/07/2019

    The entrance of FinTech and BigTech firms into banking is forcing incumbents to adapt, but it should not come at a cost to compliance obligations, writes Claus Christensen at Know Your Customer Ltd.

    Fintech / Regtech

    Philippines SEC Approves Crowdfunding Rules

    By Editors | 10/07/2019

    The Philippines SEC has issued rules governing the operation and use of equity- and lending-based crowdfunding to help smaller firms access financing.

    Market Infrastructure

    Philippine SEC Drafts Framework for Cross-border Publication of Research

    By Editors | 08/07/2019

    Under the draft framework, capital market professionals authorised by the SEC can issue research reports in ASEAN countries that are MoU signatories: Malaysia, Singapore and Thailand.

    Securities / Derivatives

    Vietnam Launches Covered Warrants, Govt Bond Futures

    By Editors | 04/07/2019

    The Ho Chi Minh City Stock Exchange has launched trading in covered warrants; the Hanoi Stock Exchange has launched a new government bond futures contract.

    Fintech / Regtech

    Singapore, Indonesia to Launch Cross Border QR Payments

    By Editors | 27/06/2019

    Singapore’s Liquid Group and Indonesia’s CIMB Niaga have established a partnership to accelerate adoption of cross border QR payments.

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