The move to lower is aimed at deepening the debt market and reducing the intermediation cost that bond issuers could pass on to bond holders.
A bank’s size and interconnectedness will be given greater importance in the assessment to determine its systemic importance in the Philippines.
BSP governor Benjamin Diokno has said the central bank wants to help convince lawmakers of the importance of lifting bank secrecy as part of a bill to grant amnesty to errant taxpayers.
China and Indonesia have demonstrated pioneering policy actions and regulatory initiatives, resulting in changing practices at financial institutions, the Sustainable Banking Network says.
LIBOR’s permanent discontinuation will be one of the “most significant events in global financial history”, BOJ deputy governor Masayoshi Amamiya said at ASIFMA’s Annual Conference.
Cambodia’s central bank and Malaysia’s Maybank will work together to enable real-time cross-border transfers, payments and remittances between the two countries.
The Bill was modelled after international practices including GDPR. Once ratified, it will be implemented in stages over three years.
The SEC hopes to develop a viable REIT market to provide funding for infrastructure projects and investment opportunities for local investors.
Stress tests results and sensitivity analysis indicate that Thailand's largest banks can withstand a shock broadly "as severe as the Asian financial crisis".
The BOT had planned to allow the use of biometric identity verification for account opening by Q3 this year, but testing in the sandbox has not yet been completed.