Recent policies to help delinquent borrowers have incentivised good borrowers to default, leading to a rise in NPLs that is threatening to overwhelm banks.
The SBV says banks may not allow borrowers to use long term savings books as collateral for loans if they have no plans to use the capital.
A working group will be formed to implement mechanisms for cross-border equity offerings, dual listings and depositary receipts between the two countries.
Outdated systems are preventing one in four Asia Pacific banks from investing in disruptive technologies, says Greg Watson, citing a recent Fenergo survey.
The BSP has revised its financial consumer protection framework to ensure banks conduct their business ethically and refrain from practices that may cause harm to consumers.
The project aims to reduce the documentary procedures required in processes related to share issuances and offerings, securities registration, settlement and delivery, and KYC.
The State Bank of Vietnam has issued a circular outlining seven conditions under which it will impose ‘special control’ over credit institutions.
Companies will no longer be required to have three years of consecutive profits to list on the main board of the Colombo Stock Exchange.
The new ASEAN hub will generate valuable know-how for ESG reporting and sustainable finance, and contribute to Singapore's development as a financial centre, says SGX CEO Tan Boon Gin.
The law grants Islamic banks powers to carry out the business of a bank in accordance with Sharia principles, in addition to the general powers granted to corporations.