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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.
Market Infrastructure
Malaysia, Indonesia Launch Cross-border QR Payments Linkage
By Editors | 27/01/2022
The linkage will eventually be expanded to support real-time cross-border fund transfers. The 2nd phase of Malaysia’s QR payment linkage with Thailand has also gone live.
Securities / Derivatives
Sri Lanka CSE Revises Calculation Methodology for Key Index
By Duruthu E Chandrasekera | 26/01/2022
The ASPI’s new calculation method will produce a more realistic representation of market returns, the Colombo Stock Exchange said.
Capital / Liquidity
Bangladesh Bank Reduces Limits on Borrower Exposures
By Sanday Chongo Kabange | 26/01/2022
The exposure limits have been tightened to strengthen the banks’ credit risk management and ensure stability of the sector.
Securities / Derivatives
New Zealand FMA Approves First Passport Fund Under ARFP
By Editors | 26/01/2022
NZX-owned Smartshares Limited has become the first fund manager to be approved under the Asia Region Funds Passport scheme.
AML / KYC
‘Focus on Fundamentals’ Could be Financial Crime Achilles Heel
By Bradley Maclean | 26/01/2022
New research suggests more meaningful financial crime prevention may be achieved with targeted investments in higher risk areas.
Crypto / Digital Assets
Laos Central Bank Authorises Crypto Exchange Platforms
By Editors | 23/01/2022
Cryptocurrency exchange platforms Lao Digital Assets Exchange and Bitqik are expected to start providing services in April.
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