BIS report on Basel III implementation includes data from 39 Group 1 banks in Asia Pacific; 1H2017 saw largest ever profits of $262 billion.
The central bank has cancelled troubled finance company CIFL’s licence and doubled the maximum deposit insurance payout for each depositor.
Extension of MoU includes cooperation on cross-border transactions, product development, information technology and knowledge sharing.
Central bank instructs commercial lenders to improve staff oversight, upgrade security technology and boost fraud-related information sharing.
Speakers at banking conference call for an immediate solution to Bangladesh’s 10 percent NPL ratio, the highest in the region.
Positive rating action for Military Bank, Vietcombank and Vietinbank reflect improvements in asset quality and declining rates of bad debt.
Securities regulator to propose regulations for initial coin offerings and other forms of cryptocurrency investment.
Other market boosting measures include a stamp duty waiver for stocks, as well as new ETF, ASEAN-centric and derivatives product launches.
Electronic KYC will include digital forms and thumbprint verification; bank can access national identity card database for further verification.
Cryptocurrency exchanges are required to fully identify all customers and monitor for money laundering and terrorist financing activities.
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