Other Asia Pacific

Vietnam Banks Heed SBV Directive, Limit Real Estate Loans

By Editors | 22/04/2022

The SBV had asked banks to direct credit away from risky areas such as real estate and towards productive industries.

ESG / Sustainability

Sri Lanka Must Provide ‘Adequate Assurances’ for IMF Assistance

By Duruthu E Chandrasekera | 22/04/2022

The UNDP says Sri Lanka should introduce a temporary basic income and negotiate “debt-for-nature” swaps. The stock market has been closed all week.

Market Infrastructure

LIBOR Transition Challenges Remain in APAC Loans Market

By Editors | 21/04/2022

In a survey of APLMA member institutions, more than half of respondents said they would not complete remediation of their legacy book until H1 2023.

Capital / Liquidity

Bangladesh Bank Issues Provisioning Policy for ‘Other Assets’

By Editors | 19/04/2022

Banks will have to hold ‘bad debt’ level provisions against funds allocated for certain business expenditures if they sit on the balance sheet as ‘other assets’ for over a year.

Securities / Derivatives

Bangladesh CSE, India MCX Partner to Establish Commodity Exchange

By Mark Johnston | 19/04/2022

The new commodity exchange in Bangladesh will introduce standardised commodity contracts and help address concerns over manipulation in domestic commodity trades.

AML / KYC

NY Court Acquits Two Philippine Casinos in Bangladesh Bank Case

By Editors | 18/04/2022

Bangladesh Bank says the court did not dismiss the entire case concerning its 2016 hack; only two of the 20 accused were acquitted due to “lack of jurisdiction”.

Fintech / Regtech

Vietnam Rushes to Finalise Regulatory Framework for Fintech Activities

By Mark Johnston | 17/04/2022

The SBV has warned of fraud incidents involving e-wallets and asks banks to monitor the use of data by fintechs until the new regulatory framework is in place.

Securities / Derivatives

BSEC Tightens Circuit Breaker Limit for Dhaka SME Board

By Editors | 15/04/2022

The SME board commenced trading last October and has seen volume spikes as a result of a waiver from a requirement for traders to register.

Bangladesh Bank Issues Revised CSR Reporting Form

By Mark Johnston | 14/04/2022

The new reporting form introduces a requirement to disclose whether banks and NBFIs are using external agencies, foundations or other third parties to conduct their CSR activities.