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Anti-Money Laundering
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.
Liquidity Risk
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.
Liquidity Risk
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.
Liquidity Risk
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.
Trading & Investment
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 Adequacy
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 Adequacy
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.
Trading & Investment
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 Adequacy
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.
PEPs & Sanctions
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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