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Capital / Liquidity
CBSL Direct Banks to Halt Dividends as Sri Lanka Crisis Ensues
By Duruthu E Chandrasekera | 13/05/2022
Sri Lanka has appointed a new prime minister after protests turned violent. Banks are told to suspend discretionary payments through the “prevailing macroeconomic tumult”
AML / KYC
Bangladesh Bank Opens RTGS to NBFI Participation
By Editors | 11/05/2022
Bangladesh Bank has also recently removed pre-set limits on online money transfers between customers’ bank accounts.
Securities / Derivatives
BSEC Proposes to Strengthen Rules Against Insider Trading
By Editors | 10/05/2022
Listed companies will have to disclose all loan activities, contracts with related parties, and technology changes as ‘price sensitive information’.
ESG / Sustainability
Human Rights Abuses Prompt Review of Cambodian Microloans
By Editors | 07/05/2022
Ombudsman agrees to review complaint from Cambodian NGOs alleging IFC funding contributed to human rights abuses in microfinance lending.
Securities / Derivatives
BSEC to Encourage Brokerage Firms to Launch IPOs
By Editors | 05/05/2022
Brokerage firms that are allowed to issue IPOs will be able to increase investment flows to the market and enhance their monitoring, BSEC said.
Bangladesh Tightens Rules for Agent Banking Operations
By Editors | 01/05/2022
Banks will be required to more closely monitor their agent banking outlets, conduct regular visits of such operations, and submit quarterly reports on any irregularities detected.
Capital / Liquidity
Bangladesh Banks Warned Against Overly Generous Interest Waivers
By Editors | 29/04/2022
The central bank says some banks are waiving interest on loans too generously, a practice which could lead clients to lose interest in timely repayment.
Market Infrastructure
Sri Lanka Expects to Secure IMF Loan Within Two Months
By Duruthu E Chandrasekera | 28/04/2022
Sri Lanka is trying to restructure its loans from Chinese banks, offering golden visas to foreigners, and relaxing rules on securities margin financing.
Sanctions
Myanmar Exempts Foreign Firms from FX Conversion Rule
By Editors | 27/04/2022
An order requiring all foreign currency held in bank accounts to be converted into local currency will not apply to businesses in special economic zones and most other foreigners.
AML / KYC
TBML: Bangladesh Banks Ordered to Implement Vessel Tracking
By Editors | 24/04/2022
Bangladesh Bank issued the order to ensure banks comply with guidelines issued by BFIU requiring them to establish vessel-tracking systems.
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