Other Asia Pacific

ESG / Sustainability

Bangladesh Issues Guideline on Sustainability, Climate Disclosures

By Ajoy K Das | 27/12/2023

The guideline is based on IFRS S1 and S2 and applicable to all banks and finance companies.

Fintech / Regtech

Cambodia, China Launch Cross-border QR Payment Link

By Editors | 27/12/2023

Visitors from China can use UnionPay-enabled mobile apps to scan KHQR codes in Cambodia. By early 2024, Cambodian residents will be able to use their Bakong wallets in China.

Sanctions

US Sanctions Companies Across Asia for Procuring Parts for Iranian UAVs

By Editors | 20/12/2023

OFAC sanctions targets in Hong Kong, Indonesia, and Malaysia as DOJ indicts Iranian and Chinese nationals.

Securities / Derivatives

BSEC Sets New Deadline for Insider Trading Guidelines

By Ajoy K Das | 20/12/2023

The regulator had set a deadline but most listed companies failed to comply by the deadline seven months ago.

Fintech / Regtech

Japan, Cambodia Agree to Establish Cross-border QR Payment Link

By Editors | 19/12/2023

Japan’s METI and Cambodia’s central bank signed an MoC establishing a framework to cooperate on cross-border payment systems using QR Code technology.

Enforcement

Bangladesh Bank Releases New PCA Framework for Commercial Banks

By Ajoy K Das | 08/12/2023

To protect the interest of depositors and ensure proper management, banks will be placed under four categories based on NPLs and CRAR.

Crypto / Digital Assets

Solomon Islands Central Bank Starts Testing CBDC

By Editors | 08/12/2023

The central bank is testing the CBDC for retail transactions, P2P transfers, interbank transactions, and cross-border payments.

ESG / Sustainability

Version 2 of ASEAN Taxonomy Affirmed by Stakeholders

By Manesh Samtani | 03/12/2023

The ASEAN Taxonomy Board said some feedback will be incorporated in the Version that will be effective in Q1 2023, and other improvements will be rolled out later.

AML / KYC

Bangladesh Allows Foreign Firms to Open FX Accounts Domestically

By Ajoy K Das | 03/12/2023

Foreign nationals, companies operating abroad, and foreign institutional investors can open and maintain FC accounts with offshore banking operations of local banks.