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Capital / Liquidity
Vietnam Banks Urge Government to Lift Foreign Ownership Ceiling
By Editors | 13/02/2019
Vietnam’s largest banks are pushing the government to allow them to sell more equity to foreign banks to bolster their capital levels.
Crypto / Digital Assets
Philippines’ CEZA Issues New Rules for Digital Assets, Token Offerings
By Editors | 08/02/2019
The new regulations cover the acquisition of crypto assets, including utility and security tokens, as well as issuer requirements relating to registration, security and investor protection.
Capital / Liquidity
Bangladesh Bank Eases Limits on Bad Loan Write-offs
By Editors | 08/02/2019
New policies on write-offs are aimed at reducing NPLs on banks’ books. Meanwhile, the government has revealed a plan to probe defaulting borrowers and their bankers.
Philippine Banks Required to Report on Deposit, Loan Rates
By Editors | 08/02/2019
Bank interest rates on loans and deposits will be published to allow consumers to compare costs, and to enhance the BSP’s monitoring and analysis.
BSP Eases Licensing for Banks Seeking Special Authorities
By Editors | 06/02/2019
Business decisions made largely as part of managing regular operations will no longer require the BSP’s approval.
Capital / Liquidity
Vietnam to Rank Domestic, Foreign Financial Institutions
By Editors | 05/02/2019
The rankings will be used to alert the central bank to risks at financial institutions in the interest of safeguarding the banking system and protect depositors.
Myanmar Allows 35pc Foreign Ownership in Local Banks
By Editors | 05/02/2019
Foreign funding will support growing demand for financing and help banks upgrade loan screening and data systems.
Crypto / Digital Assets
Thailand Unveils Three-year Capital Market Development Plan
By Editors | 05/02/2019
The SET’s plan is aimed at broadening its investor base, scaling up digital transformation, widening access to mutual funds and streamlining regulatory processes.
AML / KYC
UPDATED – Bangladesh Bank Files New York Lawsuit over Cyber Heist
By Editors | 04/02/2019
Bangladesh Bank has filed a $66mn lawsuit against Philippines-based RCBC and others over the 2016 bank heist, where hackers stole $101mn from its account with the New York Fed.
Market Infrastructure
Asia Region Funds Passport Goes Live
By Editors | 03/02/2019
Japan, Thailand, Australia ready to receive applications from prospective ARFP funds; New Zealand, S. Korea making progress on legal and regulatory requirements.
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