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Capital / Liquidity
BSP Enhances Rules on Voluntary Surrender of Banking Licences
By Editors | 24/09/2019
The guidelines are aimed at improving protections for depositors and creditors of banks that have decided to cease operations.
Market Infrastructure
Thailand, Clearstream Go Live with Cross-Border Funds Link
By Editors | 24/09/2019
The new link allows international investors to access Thailand’s funds market, and Thai investors to access more than 190,000 funds on Clearstream’s platform.
Securities / Derivatives
Philippine Insurers Permitted to Borrow, Lend Securities
By Editors | 24/09/2019
The move is aimed at helping the insurance industry to broaden their investment options, diversify their portfolios, and more actively participate in capital market development.
Market Infrastructure
Vietnam to Consolidate Exchanges Under Single Entity
By Editors | 23/09/2019
Under the new structure, HOSE will focus on operating the stock market and the HNX will focus on derivatives and bond markets.
Capital / Liquidity
Bangladesh Banks Face Capital, Provisioning Shortfalls
By Editors | 20/09/2019
Recent policies to help delinquent borrowers have incentivised good borrowers to default, leading to a rise in NPLs that is threatening to overwhelm banks.
Capital / Liquidity
Vietnam Banks Ordered to Control Loans Backed by Savings Book
By Editors | 20/09/2019
The SBV says banks may not allow borrowers to use long term savings books as collateral for loans if they have no plans to use the capital.
Securities / Derivatives
Thailand, Cambodia Sign MoU on Cross-Border Listings
By Editors | 20/09/2019
A working group will be formed to implement mechanisms for cross-border equity offerings, dual listings and depositary receipts between the two countries.
Enforcement
Philippines Moves to End Abusive Practices by Fintech Lenders
By Editors | 18/09/2019
A code of ethics and code of conduct have been adopted by members of FinTechAlliance.ph prohibiting the harassment and shaming of delinquent borrowers.
AML / KYC
Financial Institutions Must Adapt and Innovate or Be Left Behind
By Greg Watson | 13/09/2019
Outdated systems are preventing one in four Asia Pacific banks from investing in disruptive technologies, says Greg Watson, citing a recent Fenergo survey.
BSP Revises Rules to ‘Institutionalise’ Consumer Protection at Banks
By Editors | 11/09/2019
The BSP has revised its financial consumer protection framework to ensure banks conduct their business ethically and refrain from practices that may cause harm to consumers.
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