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Capital / Liquidity
Sri Lanka Central Bank Bans Dividends, Share Buybacks at Banks
By Editors | 15/05/2020
Foreign banks are prohibited from repatriating profits. LCR and NSFR requirements have been reduced to 90%. Banks are told to refrain from non-essential expenditures.
Bangladesh Bank Eases Rules on Foreign Firms Borrowing Overseas
By Editors | 14/05/2020
Under existing rules, foreign companies can only borrow from their parent companies during their first three years of their operation in Bangladesh.
Securities / Derivatives
Sri Lankan Bourse Reopens to Trading Halts After 7-week Haitus
By Editors | 14/05/2020
The Colombo Stock Exchange opened for trading for the first time in seven weeks on Monday, triggering trading halts on its new circuit breaker mechanism.
Capital / Liquidity
Bangladesh Restricts Dividend Payments by Banks
By Editors | 14/05/2020
It is necessary to maintain the cash flow by strengthening the banks’ capital during the coronavirus pandemic, Bangladesh Bank said.
Capital / Liquidity
BSP Approves Measures to Boost Lending to MSME Sector
By Editors | 06/05/2020
The measures include lower risk weights for MSME loans, deferred implementation of the revised risk-based capital framework, and an extension of the relief period for reporting past due and non-performing loans.
Securities / Derivatives
Sri Lanka to Implement New Stock Market Circuit Breaker
By Editors | 05/05/2020
Sri Lanka’s SEC has directed the Colombo Stock Exchange to implement the new circuit breaker structure when the market reopens after its closure on 20 March.
Capital / Liquidity
Philippines: BSP Allows Banks to Draw on Capital, Liquidity Buffers
By Editors | 05/05/2020
Banks that draw from the capital conservation buffer or fall below 100% LCR will not be considered in breach of Basel III rules.
AML / KYC
US Prosecutors Target Foreign Bank Records in North Korean Cyber Hunt
By Nick Turner | 05/05/2020
US authorities may be signalling their intent to increasingly use the PATRIOT Act to gain access to foreign bank records in DPRK sanctions investigations, says Nick Turner at Steptoe & Johnson.
AML / KYC
BSP Warns of Covid-19 related Money Laundering Risks
By Editors | 01/05/2020
Supervised financial institutions are encouraged to prudently leverage on technology to reinforce their controls against fraud and financial crime.
Big Picture
Australia, NZ, China, Japan Get Low Grades on Fund Regulation, Tax
By Editors | 01/05/2020
Australia, New Zealand, China, Japan are among the nations that have received the lowest scores on tax settings and regulatory regimes for the managed funds industry, according to a new Morningstar study.
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