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Capital / Liquidity
CBSL Says NBFI Consolidation is Strengthening the Sector
By Duruthu E Chandrasekera | 07/02/2022
Nine NBFIs have introduced fresh capital, while another 12 entities have received preliminary approvals for consolidation, the CBSL said.
Fintech / Regtech
More Banks Join Indonesia’s New Fast Payments System
By Sanday Chongo Kabange | 07/02/2022
BI-Fast launched in December with an initial 21 entities; 21 additional banks and Indonesia’s CSD have now also enrolled.
Fintech / Regtech
Myanmar Military Government Seeks to Launch Digital Currency
By Editors | 07/02/2022
Myanmar’s military regime is reportedly considering issuing a digital currency as a joint venture with local companies.
AML / KYC
Australian Billionaire Launches Criminal Proceedings Against Facebook
By Editors | 06/02/2022
Fortescue Metals Group chairman Andrew Forrest alleges that Facebook broke AML laws by failing to prevent crypto scams from being advertised on its platform.
Securities / Derivatives
Sri Lankan Bourse to Revise IPO Allotment Rules
By Duruthu E Chandrasekera | 04/02/2022
The new rules are aimed at ensuring greater transparency and fairness for retail investors in the allotment of IPO shares.
Sri Lanka Increasingly Vulnerable Amid Depleting FX Reserves
By Duruthu E Chandrasekera | 02/02/2022
Sri Lanka is seeking advice from the IMF and credit from China, India, Pakistan and Australia, while the central bank offers to pay migrant workers for FX inflows.
Bangladesh Bank Sets Minimum Salary Standards for Banks
By Editors | 29/01/2022
The new standards come into effect on 1 March. Banks will not be allowed to make salary increases dependent on deposit targets.
Crypto / Digital Assets
Myanmar to Ban Crypto Under New Cybersecurity Law
By Sanday Chongo Kabange | 28/01/2022
Under the proposed law, using cryptocurrency may lead to imprisonment of 6-12 months in prison or fines up to USD 2800.
Fintech / Regtech
OJK Indonesia Bars FIs From Facilitating Crypto Trading
By Editors | 28/01/2022
OJK warns of market fluctuations and other risks, including the existence of crypto investment Ponzi schemes.
Market Infrastructure
Sri Lanka Commences Work to Establish CCP for Equities
By Duruthu E Chandrasekera | 27/01/2022
SEC chairman Viraj Dayaratne said “steady progress” is being made and the CCP is expected to launch by year end as planned.
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