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Market Infrastructure
BSP Approves New Payment System Oversight Framework
By Editors | 02/07/2020
The BSP will be empowered to designate a payment system as systemically important, and replace its operator for a failure to satisfy regulatory obligations.
Sri Lanka: CBSL to Absorb Credit Risk on Business Loans
By Editors | 02/07/2020
The CBSL will provide credit guarantees ranging from 80% for smaller loans to 50% for larger loans issued to businesses affected by Covid-19.
Market Infrastructure
Philippine SEC Seeks Independent Board at Stock Exchange
By Editors | 01/07/2020
The Philippine Stock Exchange currently has three independent directors on its 15-seat board. Under the proposed rules, a majority of the directors will have to be independent.
Fintech / Regtech
BOT Opens Applications for New FX E-Money Licences
By Editors | 30/06/2020
Non-bank operators can apply for a new licence to issue e-money in foreign currencies for customer payments for cross-border goods and services.
Capital / Liquidity
BSP Defers Adoption of New Supervisory Assessment Framework
By Editors | 30/06/2020
The six-month deferral is intended to give FIs more time to prepare for implementation, given the impact of the Covid-19 pandemic.
Securities / Derivatives
Malaysia, Thailand Extend Short Selling Restrictions
By Editors | 28/06/2020
Malaysia will extend its short-selling ban until year-end; Thailand will continue using the uptick rule until end-September; Korea’s short-selling ban is due to expire in mid-September.
Securities / Derivatives
Cambodia Takes Steps to Develop Commodity Futures Market
By Editors | 27/06/2020
A feasibility study on commodity futures trading is being conducted by the securities regulator and Chinese conglomerate Ruifeng Tianfu Investment.
Capital / Liquidity
Bangladesh Cuts Cash Reserve Ratio for OBUs, NBFIs
By Editors | 25/06/2020
The amount of cash reserves offshore banking units and NBFIs need to maintain at the central bank has been reduced.
Market Infrastructure
BOT Directs Banks to Suspend Dividends, Share Buybacks
By Editors | 24/06/2020
Commercial banks are asked to draw up new capital management plans for the next 1-3 years, taking into account expected economic and business trends following the pandemic.
Market Infrastructure
ASEAN+3 Strengthens Regional Emergency Liquidity Programme
By Editors | 24/06/2020
The 2010 crisis liquidity programme has been revised to reinforce financial support, create additional flexibility, and introduce conditionality.
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