Other Asia Pacific

Liquidity Risk

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.

Credit Risk

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 Adequacy

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.

Structural Regulation

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.

Anti-Money Laundering

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.

Emerging Prudential Risks

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.

Cryptocurrency

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.

Credit Risk

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.

Structural Regulation

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.