Foreign-owned and controlled companies in Bangladesh will be able to obtain local currency loans using guarantees from overseas entities, the latest in a string of relaxations.
BSEC is working to speed up the IPO process and barriers to listing, amid calls for more diversified products and better transparency and governance in the capital market.
Banks no longer need to risk weight the loans against capital due to a guarantee scheme announced by CBSL earlier this month.
The new Code sets out transparent and fair procedures for when asset reconstruction companies acquire assets from banks, along with anti-harassment provisions to protect borrowers.
Two banks have received conditional approval to list perpetual bonds on Bangladesh’s stock exchanges, while BSEC works to frame its rules for the listings.
Sri Lanka has increased the amount of foreign currency that can be physically brought into the country to be deposited into a 'Special Deposit Account'.
Despite a central bank programme offering credit support for banks to invest in the stock market, banks are showing little interest in participating.
Sri Lanka's central bank has cut interest rates again and is ramping up pressure for banks to reduce the rates they charge borrowers, particularly small businesses.
President Joko Widodo's plan to return bank oversight functions to Bank Indonesia is unlikely to be an immediate fix for the ongoing Covid-19 related challenges.
The three shortlisted firms, including one from Sweden, will begin work on a proof-of-concept, which is expected to be completed in six to nine months.