OTHER ASIA PACIFIC

Capital / Liquidity

Bangladesh Grants Lifeline to Private Banks Amid Liquidity Crisis

By Manesh Samtani | 03/04/2018

Government cuts cash reserve requirement to free up 100 billion takas, allows state agencies to boost deposits at private commercial banks.

Market Infrastructure

Bangladesh Banks Call for Reforms on Internal Controls, Compliance

By Garima Chitkara | 02/04/2018

The Bangladesh Institute of Bank Management presented a report calling for reform of internal control and compliance departments at the country’s banks.

AML / KYC

Sri Lanka Investigating “Suspicious” Chinese-held Bank Accounts

By Garima Chitkara | 02/04/2018

Sri Lanka’s financial crimes unit is investigating suspicious transactions originating from three Chinese-held accounts with LKR957 million.

Market Infrastructure

Malaysia Foils Cyber Attack Involving Falsified SWIFT Messages

By Manesh Samtani | 01/04/2018

Unauthorised transactions were prevented by central bank, no financial losses occurred; near breach prompts increased vigilance in the Philippines.

Crypto / Digital Assets

Thailand Finalises Cryptocurrency Tax Framework

By Manesh Samtani | 30/03/2018

Cryptocurrency trades to be subject to 7 percent value added tax and 15 percent capital gains tax; fintech association chair says move may drive startups overseas.

Capital / Liquidity

Indonesian D-SIBs Ordered to Boost Capital

By Editors | 29/03/2018

Regulator has imposed a Tier 1 capital surcharge between 1 and 3.5 percent on the country’s systemically important banks.

Capital / Liquidity

Malaysia to Make Specialist Compliance, Risk Management Qualifications Compulsory

By Editors | 29/03/2018

BNM to introduce code of conduct for senior FI personnel, regulatory standards to govern banks’ increased outsourcing of functions.

Capital / Liquidity

Vietnam Establishes Early Intervention Mechanism for Ailing Banks

By Editors | 26/03/2018

New mechanism provides guidelines for SBV directors to take action as a credit institution profile weakens to contain risk.

Capital / Liquidity

A Quarter of Loans at Bangladesh State Banks Non Performing

By Garima Chitkara | 26/03/2018

Current and former regulators have voiced concern over the the accumulation of bad loans in the banking sector; value of bad loans has trebled in the past six years.