Business decisions made largely as part of managing regular operations will no longer require the BSP's approval.
The rankings will be used to alert the central bank to risks at financial institutions in the interest of safeguarding the banking system and protect depositors.
Foreign funding will support growing demand for financing and help banks upgrade loan screening and data systems.
The SET's plan is aimed at broadening its investor base, scaling up digital transformation, widening access to mutual funds and streamlining regulatory processes.
Bangladesh Bank has filed a $66mn lawsuit against Philippines-based RCBC and others over the 2016 bank heist, where hackers stole $101mn from its account with the New York Fed.
Japan, Thailand, Australia ready to receive applications from prospective ARFP funds; New Zealand, S. Korea making progress on legal and regulatory requirements.
The SSC is coordinating with Vietnam's Ministry of Public Securities to ensure violators face criminal charges in addition to the existing administrative sanctioning regime.
The Philippines has changed its rules for calculating bank capital to better reflect asset quality and align with computations used for capital adequacy.
A plan to launch a derivatives market in Myanmar is afoot, but an important step is to put in place an appropriate regulatory regime.
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