Other Asia Pacific

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.

BOT Announces ‘Phase 2’ Measures to Support Debtors

By Editors | 23/06/2020

Lenders are directed to sustain debtors through lower interest rates and fees, expanded credit limits, delayed property seizures, and other debt relief and restructuring measures.

Securities / Derivatives

Bangladesh Bank Eases Foreign Investor Repatriation Policy

By Editors | 23/06/2020

Remittances of share sale proceeds to non-resident foreign investors no longer need prior approval from the central bank if pricing is determined based on the net asset value approach.

Securities / Derivatives

Bank Indonesia Cuts Rates, Pledges More Bond-Buying

By Editors | 22/06/2020

Bank Indonesia abandoned the practice of quantitative easing in 1999 to ensure fiscal discipline in the aftermath of the Asian financial crisis.

AML / KYC

Sri Lanka’s ‘Special Deposit Account’, a Recipe for Disaster

By Duruthu E Chandrasekera | 22/06/2020

A CBSL scheme announced in April to drive inward remittances and investment may risk Sri Lanka falling back into the FATF’s grey list, says Duruthu Chandrasekera.

Fintech / Regtech

BOT Unveils New Project to Use CBDC for B2B Payments

By Editors | 19/06/2020

A CBDC prototype developed by Digital Ventures will be integrated with systems at industrial conglomerate Siam Cement PCL and its suppliers.

Capital / Liquidity

Bangladesh Defers End Date of Covid-19 Loan Classification Rules

By Editors | 19/06/2020

Banks should not change the classification of loans between 1 January and 30 September this year, even if borrowers fail to meet their scheduled repayment obligations.

Capital / Liquidity

Sri Lanka Cuts Statutory Reserve Ratio, Expands Lending Facility

By Duruthu E Chandrasekera | 17/06/2020

The CBSL has cut the statutory reserve ratio by 200 basis points, releasing $617mn in liquidity in the banking system. The size of its re-finance facility has also been tripled.

AML / KYC

Bank of Papua New Guinea Eyes KYC Utility

By Editors | 15/06/2020

A KYC utility will reportedly be introduced next year as a joint project between Pacific Island countries – Samoa, Tonga, Vanuatu, Fiji, Solomon Islands and PNG.