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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.
Capital / Liquidity
Bangladesh Bank Relaxes Credit Risk Rating System
By Editors | 27/02/2022
The relaxation will allow for easier issuance of loans and credit, thereby helping to accelerate business activities across the country, Bangladesh Bank said.
Securities / Derivatives
BSEC Reduces Minimum Investment Limit for SME Boards
By Editors | 27/02/2022
The BSEC eased the limit in response to requests from merchant bankers. Stock exchanges are directed to provide registration to investors free of cost.
Securities / Derivatives
SET Revises Rules to Encourage Listings by Foreign Firms
By Editors | 24/02/2022
Foreign companies will now only have to retain financial advisors for 1 year after listing and the quiet period of strategic shareholders has been shortened to 1.5 years.
Market Infrastructure
Bank Indonesia Deepens Ties with BOK Under New MoU
By Editors | 20/02/2022
The collaboration will include areas such as cross-border payments, digital payments, and other areas related to settlement and market infrastructure.
Market Infrastructure
Sri Lanka Launches National Remittance Mobile App
By Duruthu E Chandrasekera | 20/02/2022
The new mobile app is expected to lower the cost of inward remittances by foreign workers and reduce the use of black market channels.
AML / KYC
Bangladesh Revises Rules on Mobile Financial Services
By Sanday Chongo Kabange | 17/02/2022
The revised regulations allow financial institutions other than banks, as well as government entities, to provide mobile financial services.
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