OTHER ASIA PACIFIC

    Fintech / Regtech

    Malaysia Set to License its First Robo-advisory

    By Garima Chitkara | 22/03/2018

    Securities Commission 2017 annual report reveals eligibility and application requirements for digital investment management; first robot-advisory license to be granted in 2018.

    Fintech / Regtech

    Thailand Banks on Blockchain

    By Manesh Samtani | 22/03/2018

    Central bank plans adoption of blockchain for interbank settlements, bond issuance; leading banks launch joint initiative on blockchain based letters of credit.

    Fintech / Regtech

    Indonesian State-owned Lender to Introduce Biometric Security

    By Editors | 21/03/2018

    System, which is awaiting approval from financial service authority, will require either fingerprint or retina scanning.

    Market Infrastructure

    Malaysia Establishes Working Group to Digitise Brokerage Industry

    By Garima Chitkara | 18/03/2018

    The BRIDGe working group will work to enhance operational efficiencies and service standards, promote innovation and reduce brokerage costs.

    Capital / Liquidity

    Malaysia Banks Can Withstand Severe Shocks – BNM

    By Manesh Samtani | 16/03/2018

    The central bank’s Financial Stability Committee says Malaysian banks have a “strong capacity” to withstand financial shocks comparable to past crises.

    Capital / Liquidity

    Bangladesh to Raise Capital Requirements on Stock Brokers, Merchant Banks

    By Garima Chitkara | 15/03/2018

    New capital requirements will be imposed on stock brokers, merchant banks, asset managers and institutional portfolio managers.

    Market Infrastructure

    Myanmar Central Bank Pushes for New Moveable Assets Law

    By Garima Chitkara | 15/03/2018

    A moveable asset finance law would enable banks to accept collateral other than real estate such as stock, equipment and receivables.

    Crypto / Digital Assets

    Thailand to Legalise Cryptocurrency by Royal Decree

    By Manesh Samtani | 14/03/2018

    Cryptocurrencies will be classified as assets and regulated by SEC; capital gains from trading to be taxed at 10 percent.

    Capital / Liquidity

    Basel Committee Publishes Follow-up Reports on Basel III Implementation

    By Manesh Samtani | 13/03/2018

    The Committee also published an assessment handbook and self-assessment questionnaire to help member jurisdictions prepare for future RCAP assessments.

    Enforcement

    Malaysia Reveals Bank Employee Screening Policy

    By Samuel Riding | 12/03/2018

    Financial institutions will be required to forward references, hiring companies must check Financial Markets Association records.

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