OTHER ASIA PACIFIC

    AML / KYC

    Registration with Financial Information System Compulsory – Indonesia Regulator

    By Editors | 11/01/2018

    Move will require all financial services firms operating in the country to provide customers identification and tax details to the regulator by 2022.

    Securities / Derivatives

    Thailand Allows Securities Firms to Offer Bitcoin Futures Locally

    By Manesh Samtani | 11/01/2018

    The SEC says fraud and money laundering not points of concern as CBOE and CME markets are properly supervised.

    Securities / Derivatives

    Higher Stock Transaction Tax to Impact Trading Volume: PSE

    By Garima Chitkara | 05/01/2018

    Stock transaction tax increased 20% from 1 January 2018; change in timeline took exchange by surprise.

    Market Infrastructure

    Indonesia to Establish Derivatives CCP

    By Editors | 03/01/2018

    Centralising counterparty risk at a clearinghouse will make derivative products offered by Indonesian financial institutions more competitive.

    Capital / Liquidity

    OJK Takes Over Credit Information Management from BI

    By Garima Chitkara | 02/01/2018

    Indonesian financial regulator will take over arranging, developing and managing credit information systems from central bank.

    Fintech / Regtech

    Foreign Vendors Dominate Bangladesh Banking Tech

    By Editors | 27/12/2017

    Although foreign software costs more and regulatory change cannot be adopted instantly, banks prefer them for their functionality and flexibility.

    Philippines Issues New Guidelines on Bank Stress Tests

    By Editors | 26/12/2017

    Central bank gives financial institutions two years to meet new risk management expectations.

    Fintech / Regtech

    Malaysia to Introduce Alternative Trading Systems

    By Garima Chitkara | 26/12/2017

    Securities Commission invites proposals from parties interested in participating in regulatory sandbox sessions under its innovation lab.

    Philippines Scraps Approval Rules on Private Sector FX Loans

    By Editors | 26/12/2017

    Loans not guaranteed by public sector entity now only need to be registered; Documentary requirements relaxed.

    Malaysia Raises Standards for SRI Funds

    By Editors | 20/12/2017

    New guidelines introduce additional disclosure and reporting requirements for SRI-designated funds.

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