Other Asia Pacific

Capital / Liquidity

Radical Steps Needed from Vietnam Banking Sector

By Francois Denimal | 09/06/2020

Vietnam’s banking sector must take radical steps to adopt international capital rules, reporting requirements and trading practices, says Francois Denimal at FIS.

Sri Lanka to Triple Refinance Facility Limit for Banks

By Duruthu E Chandrasekera | 08/06/2020

The tripling of the limit was proposed to the Cabinet following complaints from various parties that they had not received relief from their banks.

Fintech / Regtech

Sri Lanka SEC Approves Rules to Digitalise Stock Market

By Duruthu E Chandrasekera | 07/06/2020

Sri Lanka’s SEC has approved rules to enable electronic account opening, trading and settlement at the Colombo Stock Exchange.

Fintech / Regtech

Thailand to Launch Digital Platform for Capital Markets Licensing

By Editors | 05/06/2020

The ‘Prof Link’ platform will include licence information for over 80,000 capital markets professionals, incorporating professional development and training.

AML / KYC

Philippine Lawmakers Approve Strict New Anti-Terrorism Law

By Editors | 04/06/2020

Wiretaps and arrests can be carried out without a warrant. Bank records can be inspected without a court order. Life imprisonment without parole can be imposed for facilitating terrorist acts.

AML / KYC

Bangladesh Bank Files New Civil Suit Over 2016 Cyber Theft

By Editors | 03/06/2020

Bangladesh Bank has filed a new civil suit against RCBC and other Philippine entities in New York State Court over the 2016 bank heist, after its Federal Court case was dismissed in March.

Capital / Liquidity

Thailand: Parliament Approves $60b Covid-19 Aid Package

By Editors | 02/06/2020

The 1.9tr baht aid package includes additional liquidity for banks to lend to SMEs, and a corporate bond stabilisation fund to provide bridge financing to issuers.

Capital / Liquidity

Indonesia: OJK Relaxes Capital, Liquidity Requirements for Banks

By Editors | 01/06/2020

The OJK has removed the capital conservation buffer requirement, lowered the LCR and NSFR requirements to 80%, and deferred Basel III implementation.

Capital / Liquidity

Large Enterprise Loans Can Count Towards Reserve Compliance: BSP

By Editors | 30/05/2020

The BSP said the revised measures are intended to provide credit and help ease the financial burden of firms heavily affected by the Covid-19 pandemic.