Other Asia Pacific

Climate Risk

BSP Joins Network for Greening the Financial System

By Editors | 04/08/2020

The NGFS membership will strengthen BSP’s collaboration with central banks and supervisors on the effective management of climate risks in the financial sector.

Conduct, Culture & Accountability

BSP Pilot Tests New Chatbot for Consumer Complaints

By Editors | 31/07/2020

The chatbot can handle queries and complaints from consumers sent through chat via the BSP website, SMS, or Facebook messenger.

Anti-Money Laundering

Pakistan Senate Passes Amendments to Anti-Terrorism, UNSC Laws

By Editors | 31/07/2020

The amendments raise the maximum penalties for violating anti-terrorism laws, and empower the government to implement UN Security Council resolutions.

Credit Risk

BSP Excludes Market-making Activities from Single Borrower Limit

By Editors | 29/07/2020

Debt securities acquired by banks from market-making activities will be excluded from the single borrower’s limit computation for 90 calendar days from the time of acquisition.

Tokenisation

Philippines Launches DLT-based Distribution of Retail Treasury Bonds

By Sanday Chongo Kabange | 29/07/2020

The launch of ‘Bonds.PH’ paves the way for the unbanked to affordably and easily invest in retail treasury bonds, said National Treasurer Rosalia V. De Leon.

Anti-Money Laundering

Sri Lanka Fines 2 Banks, 3 Finance Firms for AML Failures

By Duruthu E Chandrasekera | 29/07/2020

Sri Lanka’s FIU has revealed that two banks and one finance company were penalised in 2019, and two other finance companies in 2020.

Structural Regulation

Bangladesh Relaxes Rules on Obtaining Credit for Foreign Firms

By Duruthu E Chandrasekera | 29/07/2020

Foreign-owned and controlled companies in Bangladesh will be able to obtain local currency loans using guarantees from overseas entities, the latest in a string of relaxations.

Credit Risk

Bangladesh Bank Spares No Effort to Boost CMSME Lending

By Editors | 27/07/2020

In the past week, the central bank has sharply eased loan classification and provisioning rules, and offered credit guarantees, to try and address an unwillingness among banks to lend to small businesses.

Data Privacy

Data: Fault Lines Criss-crossing Asia’s Capital Markets

By Matthew Chan | 27/07/2020

Global harmonisation and progressive thinking are needed to support data connectivity between markets, says Matthew Chan at ASIFMA.