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Central Bank Official Shot as Myanmar Imposes New FX Controls
By Editors | 10/04/2022
The shooting came days after an order requiring all foreign currency held in bank accounts to be converted to kyats. New limits are also being imposed on international cards issued by domestic banks.
AML / KYC
Myanmar Orders Conversion of All Foreign Currency to Kyat
By Editors | 07/04/2022
The order suggests the military government may be struggling to repay debt and purchase key supplies. Fresh sanctions were also recently announced.
Fintech / Regtech
OJK Launches New Integrated Data Analytics System
By Editors | 06/04/2022
‘OSIDA’ leverages data analytics and artificial intelligence to process and analyse large datasets reported by banks to detect risk.
Market Infrastructure
Indonesia Designates IndONIA as Overnight Rupiah Benchmark
By Editors | 03/04/2022
Regulators are calling on market participants to increase the use of IndONIA as an interest rate benchmark in rupiah financial products and instruments.
Crypto / Digital Assets
Bangladesh Proposes Law to Raise Penalties for Banking Fraud
By Editors | 03/04/2022
The bill would allow Bangladesh Bank to remove a bank’s owners, directors, executives, and other officials if they are involved in banking fraud.
Vietnam Considers Allowing Organisation to Lend Overseas
By Editors | 31/03/2022
Economic organisations will be allowed to provide offshore loans provided they comply with relevant laws and receive approval from the Prime Minister’s office.
Market Infrastructure
CBSL, Finance Ministry Declare Sri Lankan Banking System Stable
By Duruthu E Chandrasekera | 31/03/2022
The Finance Ministry of and CBSL were responding to rumours of a default by a state bank, which reportedly did not have enough FX to honour a swap with two other banks.
Fintech / Regtech
Vietnam to Develop Legal Framework for Virtual Assets
By Editors | 31/03/2022
Vietnam’s prime minister has asked government ministries and the central bank to develop a legal and regulatory framework for virtual assets and electronic money.
ESG / Sustainability
CBSL to Incentivise Green Finance, Create Taxonomy
By Duruthu E Chandrasekera | 29/03/2022
Sri Lanka’s banks and the private sector need to be incentivised to make investments in low carbon energy projects, the CBSL said.
Securities / Derivatives
OJK Calls on State-owned Enterprises to List on Stock Exchange
By Editors | 27/03/2022
To date, only 23 of Indonesia’s 82 state-owned enterprises have made public offerings in the capital market.
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