OTHER ASIA PACIFIC

    Securities / Derivatives

    Thailand Throws Open Door to Global Markets for Domestic Investors

    By Manesh Samtani | 02/02/2018

    Individuals with assets between THB50-100mn can invest overseas up to THB1mn per year; securities and derivatives intermediaries set to participate.

    Fintech / Regtech

    The Philippines to Introduce Cryptocurrency Regulation This Year

    By Garima Chitkara | 01/02/2018

    New rules, expected by year end, aimed at investor protection as Philippines investigates unlicensed ICO issuers.

    Capital / Liquidity

    Philippines Mulling Counter-cyclical Buffer for Banks

    By Garima Chitkara | 01/02/2018

    New prudential tool to help stem losses from excessive credit growth; framework to be issued for consultation in first half of the year.

    Fintech / Regtech

    Bank Indonesia to Trial ‘Digital Rupiah’ in 2018

    By Manesh Samtani | 31/01/2018

    The digital currency’s value will be based on the existing currency system, backed by “real assets” and will take into account the inflation rate.

    Capital / Liquidity

    Vietnam Lowers Capital Adequacy Ratio as Local Banks Struggle

    By Editors | 26/01/2018

    State bank lowers CAR to 8 percent as analysts and bank executives start to worry about capital adequacy under Basel norms.

    Enforcement

    Thailand Implements New Market Misconduct Penalty Scheme for Banks

    By Editors | 20/01/2018

    New market conduct rules to be implemented over next few weeks; Violators can be barred from operating or fined up to 1mn baht per day.

    Vietnamese Banks Warned Against High-Risk Lending

    By Editors | 19/01/2018

    Central bank warning comes as prime minister asks for increased inspection and supervision over banks.

    Market Infrastructure

    LEIs: Asia Following the Rest of the World

    By Tony Freeman | 18/01/2018

    Firms in the region either embrace, endure or avoid MiFID II’s LEI requirement, but must accept that it’s not just regulations from the US which now have a profound extraterritorial impact.

    AML / KYC

    Philippines Will Now Report Cross Border Banking Stats to BIS

    By Editors | 17/01/2018

    BSP has begun reporting international banking statistics from January 2018, having met BIS standards for completeness and quality.

    Big Picture

    Beware Regulatory Fragmentation in 2018 – Deloitte

    By Samuel Riding | 11/01/2018

    Trend towards more isolated policymaking will challenge the implementation of financial regulations on a worldwide basis.

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