A group of APAC central banks have issued a report on the regional implications of LIBOR’s discontinuation, BMR implementation, and reforms to local benchmarks.
The guidelines are aimed at improving protections for depositors and creditors of banks that have decided to cease operations.
The new link allows international investors to access Thailand’s funds market, and Thai investors to access more than 190,000 funds on Clearstream’s platform.
The move is aimed at helping the insurance industry to broaden their investment options, diversify their portfolios, and more actively participate in capital market development.
Under the new structure, HOSE will focus on operating the stock market and the HNX will focus on derivatives and bond markets.
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.
A code of ethics and code of conduct have been adopted by members of FinTechAlliance.ph prohibiting the harassment and shaming of delinquent borrowers.
Outdated systems are preventing one in four Asia Pacific banks from investing in disruptive technologies, says Greg Watson, citing a recent Fenergo survey.
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