Other Asia Pacific

AML / KYC

Bangladesh Introduces e-KYC for All Financial Services Firms

By Editors | 13/01/2020

All financial institutions regulated by Bangladesh Bank are expected to introduce e-KYC in compliance with the new guideline by December 2020.

Capital / Liquidity

Sri Lanka to Enact New Banking Act in 2021

By Editors | 10/01/2020

The new Banking Act will streamline the licensing process, branch approvals, and adopt a proportionality framework for banking regulations, among other changes.

Capital / Liquidity

12 Banks Fail to Meet Bangladesh Capital Requirement

By Editors | 10/01/2020

The total capital shortfall among the 12 banks was reported to be over $2bn as of the end of September, amid rising bad loans in the banking sector.

Securities / Derivatives

Philippine SEC Issues New Corporate Governance Code

By Editors | 10/01/2020

The new code comes into effect on 12 January, and gives public companies and registered issuers 6 months to submit a new manual on corporate governance.

Market Infrastructure

Vietnam Central Bank Sets Out 2020 Policy Tasks

By Editors | 10/01/2020

The key policy tasks for the year include reducing banking sector NPLs to below 2% and promoting the use of non-cash payments.

BOT Directs Banks to Adopt Fairer Fee Structures

By Editors | 09/01/2020

Banks are instructed to lower the interest costs and fees loan prepayments and late repayments, and to adopt grace periods to reduce borrower burdens.

AML / KYC

Technology to Drive Regulatory Agenda in 2020: Thomson Reuters

By Manesh Samtani | 09/01/2020

Technology has displaced the 2008 financial crisis as the main issue driving the international regulatory agenda, says a new report from Thomson Reuters.

Fintech / Regtech

Philippine Lawmaker Proposes Regulatory Framework for Virtual Banks

By Editors | 08/01/2020

The bill proposes that the BSP grant five virtual bank licences every year for at least five years, and to allow both financial and non-financial firms to apply.

Capital / Liquidity

Bangladesh Banks Given Final Deadline to Cut Lending, Deposit Rates

By Editors | 07/01/2020

Finance Minister AHM Mustafa Kamal says banks have a final deadline of 1 April to bring down the maximum lending rate to 9% and the maximum deposit rate to 6%.