Other Asia Pacific

Capital / Liquidity

Sri Lanka Cuts Bank Reserve Requirements

By Editors | 26/02/2019

To boost credit growth, the Central Bank of Sri Lanka has cut the statutory reserve ratio for commercial banks from 6 to 5 percent, starting in March.

Fintech / Regtech

BSP Streamlines Licensing Process e-Financial Services Firms

By Editors | 25/02/2019

The move is in line with BSP’s reform agenda to promote digital innovation and increase availability of safer and more efficient channels for financial services.

Capital / Liquidity

Vietnam Central Bank to Slash Reserve Requirements for Some Lenders

By Editors | 20/02/2019

The central bank proposes to halve reserve requirements for banks that assist it in restructuring ailing credit institutions.

Bangladesh Bank Approval of Three New Banks Draws Criticism

By Editors | 20/02/2019

Bangladesh’s decision to approve three new banks has drawn criticism, given the rising nonperforming loans and declining governance standards in the banking sector.

Enforcement

Former Bangladesh Bank Official Jailed for Graft

By Manesh Samtani | 19/02/2019

A former Bangladesh Bank assistant director was fined and sentenced to 10 years in jail for misappropriating $61,700 more than 20 years ago.

Market Infrastructure

Philippines Expands Central Bank Supervisory Powers

By Editors | 18/02/2019

Amendments to the BSP’s charter will boost its capitalisation and extend its supervisory remit to all financial institutions in the country.

Capital / Liquidity

Indonesia Sets New Capital Requirements for Crypto Players

By Editors | 15/02/2019

Crypto asset traders and exchanges in Indonesia say the high capital requirements for participating in crypto futures will hinder the development of the sector.

AML / KYC

Data Privacy, Cybersecurity, Conduct in Focus in APAC

By Manesh Samtani | 14/02/2019

Data privacy, conduct & culture, cybersecurity and AML will be in focus in APAC for the next three years, according to a new report from Fenergo.

Market Infrastructure

SFTR: What Asian Financial Firms Need to Know

By Oliver Williams | 14/02/2019

Firms in Asia need to start preparing for the impacts SFTR will have on the way they manage their information flow when working with European counterparties, says DTCC’s Oliver Williams.