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Securities / Derivatives
Myanmar to Open Stock Market to Foreign Investors from 20 March
By Editors | 09/03/2020
Both resident and non-resident foreign investors, including overseas brokers and banks, will be allowed to open securities accounts with local brokers to trade on the Yangon Stock Exchange.
AML / KYC
Philippine Lawmakers Warned of Urgent Need to Pass AML Reforms
By Editors | 08/03/2020
The AMLC has urged lawmakers to quickly pass legislative amendments to address AML/CTF deficiencies to avoid being grey- or black-listed by the FATF.
AML / KYC
APAC Banks Slow to Integrate Fraud, AML Functions
By Editors | 06/03/2020
A FICO survey finds that only 18% of APAC banks have a strategic plan to converge their fraud and AML compliance functions, despite some 71% believing it will help fight financial crime.
Securities / Derivatives
Thailand Set for Launch of New ‘Super Savings Fund’ Scheme
By Editors | 05/03/2020
The new mutual fund scheme was initiated by the Finance Ministry, offering tax incentives to encourage investors to save and invest.
Big Picture
Singapore Banks Among Most Vulnerable to Covid-19 Impacts: Fitch
By Editors | 04/03/2020
While Singaporean banks have sufficient loss-absorption buffers to withstand pressure, the impact will depend on the extent and duration of the outbreak.
Thai Banks to Give Borrowers One-year Grace on Loan Repayment
By Editors | 04/03/2020
A yearlong grace period on loan repayments is reportedly being offered by banks to companies in the tourism sector, exporters, importers and retailers.
Big Picture
ASIFMA Calls for Global Coordination of Sustainability Efforts
By Manesh Samtani | 03/03/2020
Fragmented approaches to sustainable finance may ultimately undermine the development of sustainable finance through increased complexity and lack of coordination.
Securities / Derivatives
Indonesia Halts Short Selling, Cuts Reserve Requirements
By Editors | 03/03/2020
Short selling was halted to stop panic selling after the first two cases of Covid-19 were detected in the country. Separately, the central bank has introduced 5 new policy measures.
Market Infrastructure
Thailand Raises Currency Repatriation Threshold Five-Fold to $1m
By Editors | 02/03/2020
The move is aimed at achieving more balanced capital flows and at easing the strength of the Thai baht, which hurt the domestic economy last year.
Capital / Liquidity
Philippine Banks to Get Covid-19 Regulatory Relief
By Editors | 01/03/2020
The relief measures may include grace periods for rediscounting loans, staggered booking of credit losses, non-imposition of penalties for reserve deficiencies, and non-recognition of loan defaults.
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