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Capital / Liquidity
Sri Lanka Budget Offers Boost to Capital Markets, Banking Sector
By Duruthu E Chandrasekera | 19/11/2020
The government has proposed tax incentives for newly-listed companies and investment in REITs, in addition to proposals to strengthen the banking sector.
Market Infrastructure
APLMA Seeks Consensus on SOFR-based Loan Facilities in APAC
By Manesh Samtani | 19/11/2020
New discussion drafts cover the use of SOFR for USD loan facilities in APAC, one using the compounded average approach and the other based on Daily Simple SOFR.
ESG / Sustainability
Thailand Proposes Compulsory ESG Training for Capital Market Personnel
By Sanday Chongo Kabange | 19/11/2020
Investment consultants and fund managers, among others, would be required to undergo a mandatory training module covering ESG at licence renewal.
Market Infrastructure
ASEAN Central Banks Endorse Collective Approach to Climate Risk
By Shruti Khairnar | 18/11/2020
A new report offers a set of non-binding recommendations to promote a unified ASEAN approach towards managing climate and environment-related risks.
Market Infrastructure
Thailand to Stop Issuing THBFIX Loans, Debt from July 2021
By Editors | 17/11/2020
All financial institutions will stop offering new loans and debt securities which reference THBFIX from 1 July 2021, Bank of Thailand says.
AML / KYC
IMF Calls for Amendments to Philippine Bank Secrecy Laws
By Editors | 17/11/2020
The BSP should be granted “unimpaired access” to information on all customer accounts and the ability to employ and share depositor information for any prudential purpose.
AML / KYC
Philippine SEC Assesses Risk of Non-Profit Organisation Sector
By Editors | 17/11/2020
Based on the risk assessment, the SEC will implement “the most appropriate mitigation measures” to manage money laundering and terrorist financing risks.
Fintech / Regtech
BSP, MAS Declare Opposition to Data Localisation Requirements
By Editors | 16/11/2020
Data mobility in financial services supports economic growth, innovative financial services, risk management and compliance, BSP and MAS say in a joint statement.
Capital / Liquidity
BOT Allows Banks to Pay Dividend for 2020, Subject to Limit
By Editors | 16/11/2020
The move follows an order from the BOT for commercial banks to suspend interim dividend payments and share buybacks in June.
Securities / Derivatives
Sri Lanka to Complete Phase 2 Digitalisation of CSE in December
By Duruthu E Chandrasekera | 15/11/2020
Phase 2 will enable digital payments and smart wallets for CDS account holders, among a host of other features that will be made available electronically.
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