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AML / KYC
Cambodia Approves Draft Laws to Curb Money Laundering
By Editors | 20/05/2020
The draft bills were reportedly motivated by Cambodia’s placement on the FATF’s ‘grey-list’ last year, which impacts foreign investment and the economy.
Capital / Liquidity
Bangladesh Opens Special One-Year Repo Facility for Banks
By Editors | 18/05/2020
The new facility will allow lenders to access central bank liquidity for up to 360 days, compared to a maximum 28-day term allowed under existing facilities.
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.
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