Capital / Liquidity

S. Korean Regulators Urge Flexible ECL Approach During Covid-19

13/04/2020

South Korean regulators are advising companies and auditors to consider government relief measures as risk-reducing when determining expected credit losses.

BSP Announces New Measures to Support Domestic Liquidity

13/04/2020

The BSP will expand the eligible securities it can purchase in the secondary market to include all peso-denominated government securities, rather than just those that are highly traded and liquid.

Uncategorised

PBOC to Help Fund Bailout of Another Regional Lender

13/04/2020

Bank of Gansu, a Chinese regional lender listed in Hong Kong, will reportedly receive a capital injection from the Gansu provincial government, supported by the PBOC.

CBIRC to Grade Banks on Services for Small, Micro Enterprises

13/04/2020

Commercial banks that receive the lowest scores will be subject to targeted business improvement orders and enhanced supervision.

Capital / Liquidity

Bangladesh Bank Frees Up Additional Bank Lending Capacity

13/04/2020

Bangladesh Bank has increased lending and investment limits for conventional and Shariah banks, respectively, and further lowered the cash reserve requirement and repo rate.

Market Infrastructure

Myanmar Awards Licences to Seven More Foreign Banks

13/04/2020

The preliminary licences were awarded to three Korean banks, two Taiwanese banks, one Hong Kong bank and one Thai bank.

AML / KYC

FATF Grants Pakistan More Time to Address AML/CFT Deficiencies

12/04/2020

Pakistan will now have to submit its progress report in August instead of April, and the FATF review scheduled for June will instead take place in October.

Fintech / Regtech

‘Mox Bank’ Becomes Latest Virtual Bank to Launch HK Pilot

12/04/2020

‘Mox Bank’ – backed by Standard Chartered, PCCW, HKT and Trip.com – has become the third virtual bank to launch pilot services in Hong Kong.

China Probes Abuse of Epidemic Control Lending Programme

12/04/2020

Local authorities are directed to review the list of companies that received loans under a central bank initiative aimed at channelling low-cost funds into epidemic control.