How OJK is backing technology to form entirely new financial ecosystems.
MAS gained power as it sought to bolster Singapore’s reputation as a financial centre.
Throughout the year, regulators made continuous efforts to enhance and internationalise the domestic market.
Small markets working together to create a big difference through banking integration, fintech innovation.
Indonesian regulators boosted efforts on tax avoidance, financial technology and KYC this year.
Central bank has been amending rules related to foreign banking in bid to attract more depositors.
FIs should also brace for more monitoring, enforcement, according to Deloitte, Simmons and Simmons.
Disciplinary actions up 67%; civil proceedings rise 23%; completed investigations increase by 24%.
Reform would see BSP receive more financial support to enhance regulatory and supervisory powers.
Strengthened AML Act would include power to immediately freeze accounts.
Regulator says officials should have acted on 'red flags' on Bangladesh heist money.
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