Other Asia Pacific

AML / KYC

Myanmar Govt Charges Ex-Central Bank Official with Corruption

By Editors | 16/05/2022

Former CBM deputy governor U Bo Bo Nge is being charged by the military government on allegations that caused losses to the government.

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.