Other Asia Pacific

Sanctions

US Sanctions Four Entities Over Pakistan Missile Inputs

By Editors | 21/04/2024

One Belarus-based and three China-based entities were sanctioned for supplying Pakistan’s ballistic missile programme.

Capital / Liquidity

Vietnam Court Sentences Property Tycoon to Death Over $12b Fraud

By Nithya Subramanian | 12/04/2024

Truong My Lan was found guilty of siphoning money from Saigon Joint Stock Commercial Bank and bribing officials to cover up the fraud.

Fintech / Regtech

AI Deepfakes: An Insidious Threat and Real Challenge for FIs

By Nithya Subramanian | 11/04/2024

As regulators in Asia-Pacific take a range of approaches to tackle deepfakes, the evolving nature of this threat requires continuous vigilance and proactive measures from FIs.

Capital / Liquidity

Bangladesh Bank Tightens Loan Classification Norms

By Ajoy K Das | 10/04/2024

Banks will need to treat loans as non-performing the day after a missed instalment starting from 31 March 2025.

Capital / Liquidity

Bangladesh Bank Issues New Guidelines on Bank Mergers

By Ajoy K Das | 06/04/2024

Bangladesh Bank will offer regulatory relaxations and policy support to banks or NBFIs that merge with weak banks.

Capital / Liquidity

Sri Lanka Directs Banks to Set Up Business Revival Units

By Ajoy K Das | 04/04/2024

Licensed banks are required to establish BRUs by mid-May 2024, and be fully compliant with the new CBSL guidelines by 1 July 2024.

Market Infrastructure

Brunei and Laos Join ASEAN Payment Connectivity Initiative

By Nithya Subramanian | 04/04/2024

The addition of Brunei and Laos brings the ‘Regional Payment Connectivity’ group to a total of eight ASEAN central banks.

Fintech / Regtech

Thailand, Laos Launch Cross-border QR Payment Link

By Nithya Subramanian | 04/04/2024

Thailand has implemented cross-border payment linkages with five other ASEAN nations: Cambodia, Indonesia, Malaysia, Singapore, and Vietnam.

Securities / Derivatives

Vietnam Working to Boost Foreign Participation in Stock Market

By Editors | 04/04/2024

The SCC is looking to eliminate the pre-trade 100% margin requirement for foreign investors, expand foreign ownership limits, and mandate English disclosures.