Capital / Liquidity

Philippine President Duterte Signs ‘Bad Bank’ Bill Into Law

17/02/2021

The law will help cushion lenders from a build-up of bad loans due to the Covid-19 crisis, allowing them to dispose of bad assets and keep the banking system stable.

Securities / Derivatives

Bangladesh to Launch New Interbank Money Market Platform

17/02/2021

The platform will help to promote more efficient liquidity movements among conventional banks and NBFIs, said a Bangladesh Bank official.

Securities / Derivatives

SC, Bursa Malaysia Grant Additional Relief for Listed Issuers

17/02/2021

Listed issuers allowed an automatic 1-month extension to prepare financial statements. Those impacted by Covid-19 are granted more time to regularise operations.

Korean Banks to Extend Loan Payment Deferment Programme

17/02/2021

Following talks with FSC Chairman Eun Sung-soo, five major banking groups agreed to extend the loan deferment programme until September.

Securities / Derivatives

RBI Allows Banks to Post Margin Onshore for Offshore Clients

17/02/2021

AD Cat-I Banks may post and collect margin in India for a permitted derivative contract entered into with a person resident outside India.

Enforcement

ASIC Seeks Penalties from CBA for Overcharged Interest

17/02/2021

Due to a systems error, CBA charged more than 1,510 customers a higher interest rate than they were advised, amounting to A$2.2 million in overcharged interest.

Australia: Licencing Regime for Debt Management Firms Wins Support

17/02/2021

The ABA suggests that ASIC be charged with supervising fee structures of debt management firms to further protect consumers, among other recommendations.

Enforcement

ASIC Issues Update on Advice Compensation Paid by Banks

16/02/2021

Australia’s largest financial institutions have paid over A$1.24 billion to compensate customers for fees-for-no-service misconduct and non-compliant advice.

AML / KYC

Bangladesh Launches Online Account Opening for Stock Investors

16/02/2021

The new system will reduce the time it takes for investors to open an account and minimise the number of accounts opened using fake information, BSEC said.