Ex head of equity markets at Malaysia’s largest bank also fined $250,000 for offences which occurred more than 10 years ago.
Moody's says loan growth outpaces capital growth at Philippine banks as strong macroeconomic conditions increase credit demand; banks require external capital raising to improve capital ratios.
New rules reduce reserve requirements, simplify foreign currency deposit rules and allow banks to use their liquidity buffers to raise funding in repo transactions.
Asia Commercial Bank shows improvement since imprisonment of former vice chairman for fraud, tax evasion and illegal trade.
Statement says deal on trade in services close to agreement, ASEAN members to also update wider agreement on cross-border services this year.
Unit holder protections, corporate governance, disclosure quality to be enhanced; applicable to REITs, ETFs, closed-end funds.
BSP to adopt regtech solutions including API for electronic data submissions by FIs, chatbot for complaints to the regulator.
Government cuts cash reserve requirement to free up 100 billion takas, allows state agencies to boost deposits at private commercial banks.
The Bangladesh Institute of Bank Management presented a report calling for reform of internal control and compliance departments at the country’s banks.
Sri Lanka’s financial crimes unit is investigating suspicious transactions originating from three Chinese-held accounts with LKR957 million.
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