Posts By Duruthu E Chandrasekera, Regulation Asia
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610Bangladesh Relaxes Rules on Obtaining Credit for Foreign Firms
Duruthu E Chandrasekera, Regulation Asia July 29, 2020Foreign-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.
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849BSEC Needs to Step Up Its Game, say Market Participants
Duruthu E Chandrasekera, Regulation Asia July 26, 2020BSEC 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.
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938Sri Lanka Banks No Longer ‘Scared’ to grant Covid-19 Loans
Duruthu E Chandrasekera, Regulation Asia July 23, 2020Banks no longer need to risk weight the loans against capital due to a guarantee scheme announced by CBSL earlier this month.
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747RBI Sets Fair Practices Code for Asset Reconstruction Companies
Duruthu E Chandrasekera, Regulation Asia July 20, 2020The 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.
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BSEC Frames Rules for Mandatory Trading of Banks’ Perpetual Bonds
Duruthu E Chandrasekera, Regulation Asia July 17, 2020Two banks have received conditional approval to list perpetual bonds on Bangladesh’s stock exchanges, while BSEC works to frame its rules for the listings.
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Sri Lanka Relaxes Rules for Capital Inflows, Restricts Outflows
Duruthu E Chandrasekera, Regulation Asia July 17, 2020Sri Lanka has increased the amount of foreign currency that can be physically brought into the country to be deposited into a 'Special Deposit Account'.
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Bangladesh Banks Show Little Interest in Stock Market Investment
Duruthu E Chandrasekera, Regulation Asia July 15, 2020Despite a central bank programme offering credit support for banks to invest in the stock market, banks are showing little interest in participating.
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997Banks ‘Must’ Pass on Reduce Rates to Borrowers: CBSL
Duruthu E Chandrasekera, Regulation Asia July 10, 2020Sri 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.
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898Indonesia’s Planned Bank Regulation Reshuffle Will Take Time
Duruthu E Chandrasekera, Regulation Asia July 8, 2020President 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.
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Sri Lanka Shortlists Three Firms to Build Shared KYC Facility
Duruthu E Chandrasekera, Regulation Asia July 7, 2020The 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.
