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AML / KYC
FATF Removes Sri Lanka from ‘Grey List’; Pakistan to Remain
By Editors | 23/10/2019
Sri Lanka has made “significant progress” to address strategic AML/CFT deficiencies; Pakistan has only largely addressed 5 of 27 action items and has failed to meet agreed deadlines.
Capital / Liquidity
BSP Reduces Reserve Requirement for Bank Bonds
By Editors | 18/10/2019
The move to lower is aimed at deepening the debt market and reducing the intermediation cost that bond issuers could pass on to bond holders.
Capital / Liquidity
Philippines: BSP Approves Amended D-SIBs Framework
By Editors | 16/10/2019
A bank’s size and interconnectedness will be given greater importance in the assessment to determine its systemic importance in the Philippines.
AML / KYC
Philippines Makes Push to End Bank Secrecy
By Editors | 15/10/2019
BSP governor Benjamin Diokno has said the central bank wants to help convince lawmakers of the importance of lifting bank secrecy as part of a bill to grant amnesty to errant taxpayers.
Big Picture
China, Indonesia Lead Emerging Markets in Sustainable Banking
By Manesh Samtani | 14/10/2019
China and Indonesia have demonstrated pioneering policy actions and regulatory initiatives, resulting in changing practices at financial institutions, the Sustainable Banking Network says.
Market Infrastructure
BOJ Deputy Governor Calls for Collective Action on LIBOR Transition
By Manesh Samtani | 13/10/2019
LIBOR’s permanent discontinuation will be one of the “most significant events in global financial history”, BOJ deputy governor Masayoshi Amamiya said at ASIFMA’s Annual Conference.
Fintech / Regtech
Maybank to Enable Real-time Payments for Cambodia, Malaysia
By Editors | 12/10/2019
Cambodia’s central bank and Malaysia’s Maybank will work together to enable real-time cross-border transfers, payments and remittances between the two countries.
Market Infrastructure
Sri Lanka Finalises Personal Data Protection Bill
By Editors | 12/10/2019
The Bill was modelled after international practices including GDPR. Once ratified, it will be implemented in stages over three years.
Sanctions
Philippine SEC Proposes New Rules for REITs
By Editors | 10/10/2019
The SEC hopes to develop a viable REIT market to provide funding for infrastructure projects and investment opportunities for local investors.
Market Infrastructure
Thailand Banking Sector Resilient to Severe Shocks: IMF
By Editors | 10/10/2019
Stress tests results and sensitivity analysis indicate that Thailand’s largest banks can withstand a shock broadly “as severe as the Asian financial crisis”.
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