Internal control systems at credit institutions and foreign bank branches in Vietnam will be subject to independent auditing, according to a new circular.
The new regulatory guidelines will require digital banks to hold the same levels of capital as conventional banks.
Indonesia will charge a capital gains tax and VAT on crypto transactions, as well as interest and fees generated from fintech services, starting on 1 May 2022.
The shooting came days after an order requiring all foreign currency held in bank accounts to be converted to kyats. New limits are also being imposed on international cards issued by domestic banks.
The order suggests the military government may be struggling to repay debt and purchase key supplies. Fresh sanctions were also recently announced.
'OSIDA' leverages data analytics and artificial intelligence to process and analyse large datasets reported by banks to detect risk.
Regulators are calling on market participants to increase the use of IndONIA as an interest rate benchmark in rupiah financial products and instruments.
The bill would allow Bangladesh Bank to remove a bank's owners, directors, executives, and other officials if they are involved in banking fraud.
Economic organisations will be allowed to provide offshore loans provided they comply with relevant laws and receive approval from the Prime Minister's office.
The Finance Ministry of and CBSL were responding to rumours of a default by a state bank, which reportedly did not have enough FX to honour a swap with two other banks.
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