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Market Infrastructure
CBSL Devalues Currency After IMF Calls for Market-based Rates
By Duruthu E Chandrasekera | 10/03/2022
Sri Lanka’s official exchange rate has been effectively pegged to the USD since April 2021. The IMF called for a return to a market-determined and flexible exchange rate.
ESG / Sustainability
Cambodia Launches New Code of Conduct for Banking & Finance
By Editors | 08/03/2022
Banks and financial institutions will have until the end of this year to improve their systems and policies to ensure compliance with the code.
AML / KYC
Bangladesh to Investigate Allegations in Panama, Paradise Papers
By Editors | 07/03/2022
A committee has been formed to investigate the money laundering allegations against Bangladeshi nationals named in the Panama Papers and Paradise Papers.
Capital / Liquidity
Bank Indonesia Offers Incentives for Inclusive Financing Activities
By Editors | 04/03/2022
Banks that expand priority sector credit and inclusive financing beyond certain thresholds can reduce their statutory reserve requirements.
Securities / Derivatives
Cambodia Securities Exchange Launches New Mobile Trading App
By Editors | 04/03/2022
The mobile app will help promote the growth of trading and liquidity in Cambodia’s securities market, said CSX chief Hong Sok Hour.
Securities / Derivatives
BSEC Plans to Transition Stock Market to T+2 Settlement
By Editors | 03/03/2022
BSEC is working on the technical aspects of the change, which will likely be implemented in phases, starting with blue-chip stocks.
CBSL Calls on Public to Report Illegal FX Dealers
By Duruthu E Chandrasekera | 03/03/2022
The public is asked to inform the Foreign Exchange Department of CBSL of any person, institution or any other entity that is engaged in unauthorized FX dealings.
Capital / Liquidity
Bangladesh to Extend Deposit Protection to NBFIs
By Editors | 01/03/2022
Currently only bank depositors are protected and customers of other types of deposit-taking financial institutions are not covered.
AML / KYC
US Regulators Fine National Bank of Pakistan $55m for AML Violations
By Sanday Chongo Kabange | 01/03/2022
National Bank of Pakistan is required to pay penalties, correct deficiencies in its AML compliance, and submit quarterly progress reports on remedial actions taken.
Securities / Derivatives
BIS Launches Green Bond Fund Dedicated to APAC Region
By Editors | 28/02/2022
This is the third green bond fund launched by the BIS. It will help channel central bank reserves to green projects in the Asia and Pacific region.
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