ADVERTISEMENT
Bangladesh Announces Measures to Aid Businesses Through Lockdown
By Editors | 06/04/2020
Under a $7.9bn stimulus plan, banks will distribute working capital loans with the interest cost to businesses partly subsidised by the government.
Vietnam Banks Offered Incentives to Aid Businesses
By Editors | 06/04/2020
About 11% of total outstanding loans in the banking system are estimated to not be paid as scheduled due to the coronavirus pandemic.
AML / KYC
The Four e-KYC Models Around the World
By Claus Christensen | 05/04/2020
Claus Christensen at Know Your Customer Ltd identifies four e-KYC models in use across the world, but says that harmonisation and consolidation of these schemes is likely.
Big Picture
Outlook on 14 APAC Banking Systems is Negative: Moody’s
By Editors | 03/04/2020
Coronavirus-related disruptions will weaken the operating environment and weigh on asset quality, despite policy measures to help mitigate the effects on banks.
AML / KYC
Global AML, Sanctions Fines Topped $8bn in 2019: Fenergo
By Editors | 02/04/2020
Last year was the second-biggest year on record for fines against financial institutions for AML and sanctions violations, according to a new report from Fenergo.
Philippines Mandates 30-Day Grace on Loans During Covid-19 Lockdown
By Editors | 02/04/2020
All lenders are barred from charging interest, penalties, fees, or other charges on all loans to individuals, households, MSMEs and corporate borrowers during Luzon’s enhanced community quarantine.
Capital / Liquidity
Sri Lanka Central Bank Introduces Measures to Support Financial Sector
By Editors | 01/04/2020
Banks can draw down on capital conservation buffers, defer capital requirements, and avoid classifying borrowers as non-performing.
AML / KYC
BSP Relaxes KYC Norms During Covid-19 Lockdown
By Editors | 01/04/2020
The move will facilitate the delivery of welfare funds to beneficiaries who have no available valid IDs or transactional account with any financial institution.
AML / KYC
Myanmar Central Bank Revokes Licence of Local Bank
By Editors | 26/03/2020
An investigation that started in 2017 found irregularities with the funding Asia Yangon Bank planned to use to meet its paid-up capital requirements.
Capital / Liquidity
Sri Lanka Central Bank Directs FIs to Implement Debt Moratorium
By Editors | 25/03/2020
The debt moratorium will be implemented for personal loans, credit card debt, SME loans, among other sectors. Financial institutions are also directed to provide new working capital loans.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.