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Myanmar Central Bank Orders Halt to Foreign Debt Payments
By Editors | 21/07/2022
An exemption from requirements to convert FX into the kyat has also been reversed for companies with foreign minority ownership.
OJK Indonesia Strengthens Regulations on Market Conduct
By Editors | 20/07/2022
The regulation focuses on ensuring consumers are provided information about financial products and services in a clear, accurate, correct, and easily accessible manner.
AML / KYC
India, Indonesia to Work Towards Establishing Payment Linkages
By Editors | 20/07/2022
The RBI and Bank Indonesia will cooperate in areas such as cross-border payments, digital innovation, and AML/CFT.
ESG / Sustainability
Quarter of ASEAN Companies Disclosing Climate Risk Strategy
By ESG Investor | 19/07/2022
Most companies are reporting their emissions, but climate-related targets remain vague, says GRI.
Capital / Liquidity
Pakistan Sets January 2023 Deadline for IFRS 9 Adoption
By Editors | 18/07/2022
IFRS 9 will prompt a one-off increase in banks’ loan-loss provisioning, diminishing shareholder capital. Banks will also be pressured by increased taxes.
AML / KYC
Fraudulent Transactions Cost 4x the Loss Amount on Average
By Editors | 14/07/2022
Every $1 lost to fraud costs organisations an average of $3.99 in APAC, and around $6.33 for digital banks and alternative lenders, LexisNexis Risk Solutions finds.
Fintech / Regtech
Cambodia Establishes Common National Standard for QR Payments
By Editors | 12/07/2022
NBC intends to use the new KHQR system to facilitate cross-border payments within the region in future.
ESG / Sustainability
Bangladesh Infrastructure Loans to Require E&S Assessments
By Editors | 11/07/2022
Environmental and social impact assessments will have to be arranged by borrowers and submitted with their loan applications.
Bangladesh Imposes 100pc Margin Requirement on Luxury Imports
By Editors | 09/07/2022
Banks may not lend importers funds to meet the 100 percent LC margin requirement, which applies to a broad range of luxury imports.
Fintech / Regtech
BSEC Orders Stock Exchanges to Establish Integrated Reporting Platform
By Editors | 06/07/2022
The DSE and CSE were instructed to consolidate their online data gathering, information submission and dissemination platforms into a single integrated platform.
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