Other Asia Pacific

    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.

    Securities / Derivatives

    BSEC Calls on Banks to Increase Stock Market Investments

    By Editors | 24/03/2022

    The BSEC has also given banks a 31 March deadline to deposit unclaimed dividends in the Capital Market Stabilisation Fund, against directions from Bangladesh Bank.

    Fintech / Regtech

    BIS, Central Banks Complete Development of Multi-CBDC Prototypes

    By Sanday Chongo Kabange | 23/03/2022

    The initial phase of Project Dunbar has proved that the concept of multi-CBDCs is technically viable, says a new project report.

    Securities / Derivatives

    BSEC Orders Bourses to Reshuffle Regulatory Affairs Divisions

    By Editors | 23/03/2022

    Stock exchange employees working in Regulatory Affairs departments for more than three years must transfer to other departments immediately.

    Securities / Derivatives

    Bangladesh Adjusts Circuit Breaker to Prevent Stock Market Losses

    By Editors | 14/03/2022

    Trading to be halted if a listed company loses 2% in value. BSEC also urging banks to make fresh investments in the stock market.

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