Other Asia Pacific

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.

Capital / Liquidity

BSP Relaxes Loan Classification Norms, MSME Loan Risk Weight

By Editors | 30/04/2020

The relaxation of loan classification norms and the lowering of credit risk weights on MSME loans will apply until end-December 2021.

AML / KYC

Digital Identification in a Post-COVID World

By Editors | 28/04/2020

Social distancing has put KYC into sharp focus, with regulators reiterating their support for digital onboarding to ensure financial transactions are possible.

Securities / Derivatives

Asian Pensions Under Pressure on Early Withdrawals

By AsianInvestor | 27/04/2020

The trade-off between the needs of today and the desires of tomorrow is challenging the retirement savings systems in Asia as Covid-19 forces early withdrawals.

Bangladesh Bank Forms $1.8b Lending Facility for Banks, NBFIs

By Editors | 25/04/2020

Under the new scheme, lenders will be able to borrow funds from Bangladesh Bank at 4% and on-lend those funds to industrial and services sector borrowers at 9%.

Capital / Liquidity

BSP Eases Asset Cover Rules for Banks’ FX Exposures

By Editors | 25/04/2020

Banks can offset foreign currency asset cover deficiency incurred on one or more days of the week with excess cover from other days of the same or immediately succeeding weeks.

CBSL Announces New Loan Facility to Aid Businesses

By Editors | 21/04/2020

Loans granted to businesses by participating FIs under the facility will be limited to two months working capital, with 2 years repayment terms and a 4% p.a. interest rate.

Securities / Derivatives

Philippine SEC Moves to Protect Minority Shareholders from Abuse

By Editors | 20/04/2020

Asset sales representing 51% of total assets will require approval from two-thirds of shareholders; minority shareholders will be able to call meetings and add agenda items.

Capital / Liquidity

UPDATED – MSME Loans Can Be Counted Towards Reserve Requirements: BSP

By Editors | 20/04/2020

Loans granted to MSMEs can be counted as part of banks’ compliance with reserve requirements. Detailed guidelines will be issued in due course.