Foreign banks will be able to enter the retail banking space and operate as local banks by setting up subsidiaries, rather than just branches.
In a bid to boost banking system liquidity, the central bank has excluded investments in non-listed securities from banks’ capital market exposure calculations.
The increase in suspicious activity reported is an indication of the financial industry's commitment to fighting money laundering and terrorism financing.
The 200 basis point RRR cut will take place over three phases by end-July, and free up an estimated $3.6bn in banking system liquidity.
It's time to have a conversation about implementing real AML information sharing across organisations, sectors and jurisdictions, writes Claus Christensen at Know Your Customer Ltd.
HKMA and BOT have agreed to collaborate on fintech innovation, including through a joint research project on the development of a central bank digital currency.
Colombo's stock exchange has signed an MoU to list domestic government bonds in London and enable LSEG to support the development of Sri Lanka's capital markets.
The DSE's 'Financial Data Exchange Platform' will allow regulators, market infrastructures and financial institutions to safely and efficiently exchange messages and files.
The new commercial credit reporting system, set for launch by end-May, will improve the lending process for more than 50 financial institutions in Cambodia.
In Asia, most jurisdictions have made progress with Basel III adoption, though most have yet to make progress on non-cleared derivatives margining and CCP regulation.