Other Asia Pacific

Capital / Liquidity

Sri Lankan Brokers Prohibited from Charging Interest on Margin Loans

By Editors | 08/04/2020

The central bank has also suspended overseas investment and outward remittances by Sri Lankan residents, and cut interest rates for the second time in three weeks.

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.