Other Asia Pacific

    Capital / Liquidity

    BSP Cuts RRR for Thrift, Rural, Cooperative Banks

    By Editors | 25/05/2019

    The move follows RRR cuts for large banks, as the BSP looks to mitigate lowering price expectations and inflation.

    Market Infrastructure

    Myanmar Allows Foreign Banks to Set Up Local Subsidiaries

    By Editors | 25/05/2019

    Foreign banks will be able to enter the retail banking space and operate as local banks by setting up subsidiaries, rather than just branches.

    Capital / Liquidity

    Bangladesh Eases Banks’ Stock Exposure Rules to Free Up Capital

    By Editors | 22/05/2019

    In a bid to boost banking system liquidity, the central bank has excluded investments in non-listed securities from banks’ capital market exposure calculations.

    AML / KYC

    Bangladesh FIs Report Suspicious Activity at Record Levels

    By Editors | 21/05/2019

    The increase in suspicious activity reported is an indication of the financial industry’s commitment to fighting money laundering and terrorism financing.

    Capital / Liquidity

    BSP to Cut Reserve Requirements for Biggest Banks

    By Editors | 17/05/2019

    The 200 basis point RRR cut will take place over three phases by end-July, and free up an estimated $3.6bn in banking system liquidity.

    AML / KYC

    The Need for a Cross-Sector & Cross-Jurisdictional AML Regime

    By Claus Christensen | 16/05/2019

    It’s time to have a conversation about implementing real AML information sharing across organisations, sectors and jurisdictions, writes Claus Christensen at Know Your Customer Ltd.

    Fintech / Regtech

    Hong Kong, Thailand Central Banks Sign Fintech Collaboration Agreement

    By Editors | 15/05/2019

    HKMA and BOT have agreed to collaborate on fintech innovation, including through a joint research project on the development of a central bank digital currency.

    Market Infrastructure

    Sri Lanka Signs Dual Bond Listing Deal with London

    By Editors | 14/05/2019

    Colombo’s stock exchange has signed an MoU to list domestic government bonds in London and enable LSEG to support the development of Sri Lanka’s capital markets.

    Market Infrastructure

    Dhaka Bourse Mulls New Data Exchange Platform

    By Editors | 13/05/2019

    The DSE’s ‘Financial Data Exchange Platform’ will allow regulators, market infrastructures and financial institutions to safely and efficiently exchange messages and files.

    AML / KYC

    Cambodia to Launch Commercial Credit Reporting Service

    By Editors | 13/05/2019

    The new commercial credit reporting system, set for launch by end-May, will improve the lending process for more than 50 financial institutions in Cambodia.

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