ADB warns of risks as cross-border banking takes hold in region

CENTRAL BANKS in Southeast Asia need to prepare liquidity support and safety nets to mitigate any risks stemming from financial digitalization and cross-border banking, the Asian Development Bank (ADB) said on Monday.  In a report, the ADB said digitalized transactions have been beneficial to the banking industry in the Association of Southeast Asian Nations plus […]

Enhancing data governance through the 3rd DEWG meeting

JAKARTA, Aug 9, 2022 – (ACN Newswire via – The implementation of equitable and inclusive Data Free Flow with Trust (DFFT) and Cross-Border Data Flow (CBDF) had become crucial issues nowadays as data traffic between countries kept increasing. Hence, as chairman of the 2022 G20 presidency, Indonesia proposed four principles of fairness, lawfulness, transparency, […]

GF Holdings (Hong Kong) Awarded “Structured Products (China Greater Bay Area)” and “Structured Products Provider of the Year (China Greater Bay Area)” by Bloomberg Businessweek

HONG KONG, Aug 13, 2021 – (ACN Newswire via – Recently, Global Markets – GF Holdings (Hong Kong) Corporation Limited won two “Excellence Awards”, namely “Structured Products (China Greater Bay Area (“CGBA”)” and “Structured Products Provider of the Year (CGBA)”, in “Financial Institution Awards 2021 (Securities Sector)” organized by Bloomberg Businessweek for its outstanding […]

NPC outlines norms for cross-border data transfer

THE NATIONAL Privacy Commission (NPC) has laid down the guidelines on cross-border data transfer standards that companies can voluntarily follow to protect customer data transferred across jurisdictions in Southeast Asia. Businesses can voluntarily adopt model contract clauses, or legally binding contracts that protect customer data. These firms can modify the clauses to align them with […]