Other Asia Pacific

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.

Capital / Liquidity

Philippines Approves ‘Bad Bank’ Bill Amid Rising NPLs

By Editors | 27/05/2020

The ‘Financial Institutions Strategic Transfer Act’ allows the creation of asset management companies to buy up non-performing assets from financial institutions.

Capital / Liquidity

Foreign Investors Flee Sri Lankan Bank Stocks Amid Dividend Ban

By Duruthu E Chandrasekera | 26/05/2020

Exacerbated by a seven-week stock market shut down, foreign investors sold large quantities of Sri Lankan bank stocks following a ban on bank dividends this month.

Market Infrastructure

More Protectionist Regulatory Intervention on the Cards, Experts Warn

By Daniel Flatt | 25/05/2020

The raft of government measures designed to stave off corporate raiders is unlikely to abate soon, compliance practitioners say.

AML / KYC

Myanmar: YSX, Securities Firms Directed to Enhance AML Controls

By Editors | 25/05/2020

The YSX is asked to strengthen internal controls and establish an audit committee; six securities firms are asked to address document collection and record-keeping deficiencies.

BOT Cuts Benchmark Interest Rate to Record Low 0.5%

By Editors | 22/05/2020

Thailand’s National Economic and Social Development Council expects economic performance this year to be the worst since the Asian financial crisis.

AML / KYC

BSP Prepares Guidelines to Regulate Virtual Asset Service Providers

By Editors | 21/05/2020

The BSP may require higher capital requirements for VASPs based on their scope, scale of operations and complexity of operations.

Bangladesh: Banks, NBFIs Commit to Disbursing Stimulus Loans

By Editors | 21/05/2020

Bangladesh Bank has signed participation agreements with 44 banks and 23 NBFIs to disburse $1.8bn in loans as part of the government’s stimulus package.

Market Infrastructure

S. Korea Set to Implement Asia Region Funds Passport

By Editors | 20/05/2020

Korea will join Japan, Thailand, Australia and New Zealand in implementing ARFP on 27 May, paving the way for cross-border sales of eligible publicly offered local funds.