Asia-Pacific

The Bangladesh Securities and Exchange Commission has approved a set of rules to enable the trading of non-listed companies on a new ATB board.

Regulation Asia spoke to Haytham Kaddoura and Mark Taylor at SmartStream Technologies to understand the latest developments in digital payments and how firms can stay ahead.

According to reports, the proposal is backed by three ministries and seeks to ensure greater support for local technology startups and overly indebted SMEs.

Related companies of issuing banks are allowed to underwrite or arrange LTNCTDs, bonds and commercial papers, subject to certain conditions.

The first phase will involve high-level principles on ESG integration. The second will provide granular expectations. The third will cover regulatory incentives.

Currently, 60% of medium- and long-term loans can be financed with short term deposits. This ratio reduces to 40% in January.

The move is aimed at providing a cost-effective channel for the legal movement of money into Myanmar and reduce the use of illegal money transfer brokers.

The State Bank of Vietnam has directed all Vietnamese banks to include ESG risk assessments in credit risk analysis and establish dedicated ESG analysis units by 2025.

The DLT project was first announced in September, and will first test trading with bonds before expanding to equities, derivatives and investment funds.

"The exclusion of these types of borrowings from the reserve base of banks and quasi-banks will result in freed-up liquidity for lending or investment activities,” the BSP said.