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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.
Capital / Liquidity
Bangladesh Relaxes Rules Prohibiting Bank Dividends
By Duruthu E Chandrasekera | 14/06/2020
Banks are allowed to distribute cash dividends to general shareholders and stock dividends to sponsors and institutional investors.
Securities / Derivatives
Thailand SEC Supports LuxSE Listings by Domestic Firms
By Editors | 10/06/2020
Thai bond issuers can list their securities on LuxSE’s BdL or Euro MTF; or alternatively obtain a profile listing on the SOL to gain visibility on the Luxembourg Green Exchange.
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