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Capital Adequacy
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.
Liquidity Risk
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.
Credit Risk
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.
Structural Regulation
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.
Emerging Prudential Risks
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.
KYC & CDD
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.
CBDCs
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.
Credit Risk
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.
Liquidity Risk
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.
KYC & CDD
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.
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