The State Bank of Vietnam has been invited to become a member of the Bank for International Settlements (BIS), the first expansion of the prestigious international financial institution's central bank membership base since 2011.
Independent asset manager Raintree Asset Management, run by Bank of Singapore’s former DPM head, has started onboarding clients.
Tonik believes the Philippine banking sector was ripe for a digital disruption, in line with the trend in other markets, where digital-only “neobanks” have rapidly captured millions of customers and attracted over $5 billion of global investor
It is asking respondents to reply with conceptual architecture of their proposed solution, the cost of implementation, risks and benefits.
APRA’s onsite inspections are part of a strategy to strengthen and sharpen governance, culture, remuneration and accountability frameworks across the industry following widespread opinion that it needed to take a tougher line.