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AML / KYC
BOT Green-lights Use of Facial Recognition Tech at Five Banks
By Editors | 26/07/2020
BOT has issued new guidelines on the use of biometric technology in financial services, and granted approval to five banks to use facial recognition in account opening.
Securities / Derivatives
BSEC Needs to Step Up Its Game, say Market Participants
By Duruthu E Chandrasekera | 25/07/2020
BSEC is working to speed up the IPO process and barriers to listing, amid calls for more diversified products and better transparency and governance in the capital market.
Market Infrastructure
Covid Disrupts APAC LIBOR Transition, But Market Participants Unfazed
By Editors | 23/07/2020
A poll of APAC corporate treasury, finance and legal executives by APLMA and Bloomberg showed most participants still aim to be on track for the move to risk-free-rates by end-2021.
Sri Lanka Banks No Longer ‘Scared’ to grant Covid-19 Loans
By Duruthu E Chandrasekera | 23/07/2020
Banks no longer need to risk weight the loans against capital due to a guarantee scheme announced by CBSL earlier this month.
Capital / Liquidity
BSP Cuts Reserve Requirements for Smaller Banks
By Editors | 21/07/2020
The move to lower the reserve requirement ratio for thrift, rural and cooperative banks will release an estimated $200mn into the economy.
Capital / Liquidity
Indonesia Gives Deposit Insurer Powers to Prevent Bank Failures
By Editors | 19/07/2020
The Indonesia Deposit Insurance Corporation can now raise its own funding and provide temporary liquidity support to banks outside of resolution.
Fintech / Regtech
BOT Enters Third Phase of CBDC Development
By Editors | 19/07/2020
The BOT is planning to expand CBDC use among large businesses and, in September, to transactions with the HKMA.
Capital / Liquidity
BSEC Frames Rules for Mandatory Trading of Banks’ Perpetual Bonds
By Duruthu E Chandrasekera | 16/07/2020
Two banks have received conditional approval to list perpetual bonds on Bangladesh’s stock exchanges, while BSEC works to frame its rules for the listings.
AML / KYC
BSP to Promote Inclusion by Lowering Investment Account Minimum
By Editors | 15/07/2020
The BSP is considering lowering minimum amount a client must maintain in an investment account from ₱1mn to ₱100,000.
Securities / Derivatives
Thailand SEC Approves Rules on High-yield Bond Funds
By Editors | 15/07/2020
High-yield bond funds can be set up as non-redeemable closed-end mutual funds or investment trusts, with a maturity period of at least two years.
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