Other Asia Pacific

    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.

    Securities / Derivatives

    BSEC Relaxes Circuit Breaker Limit, Disciplines Brokers

    By Editors | 23/04/2022

    The adjustment boosted market liquidity and fresh investments by participants, while the disciplinary actions helped to bolster investor confidence.

    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.

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