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Vietnam, Laos to Step Up Cooperation in Banking Supervision
By Editors | 18/01/2022
The SBV and BOL will cooperate on the sharing of information, cross-border banking supervision, on-site examinations, and crisis management.
UOB to Acquire Citi Consumer Banking Units in Four Markets
By Manesh Samtani | 17/01/2022
The transaction is estimated to reduce UOB’s CET1 ratio by 70 basis points to 12.8 percent, which is considered not material and “well within regulatory requirements”.
CBSL Issues Corporate Governance Rules for Finance Companies
By Duruthu E Chandrasekera | 12/01/2022
Directors must undergo annual performance assessments and impose measures to limit related party transactions and manage conflicts of interest.
Market Infrastructure
Indonesia: OJK Outlines Capital Market Priorities for 2022
By Mark Johnston | 11/01/2022
OJK will work on developing a carbon exchange at IDX, new derivative instruments, and central clearing infrastructure.
CBSL Orders Banks to Surrender More Foreign Currency
By Duruthu E Chandrasekera | 03/01/2022
The CBSL has raised the amount of foreign currency banks have to sell to the central bank from 10 to 25 percent of inward remittances and export proceeds.
Market Infrastructure
Sri Lanka Takes Step Forward on CCP Establishment
By Duruthu E Chandrasekera | 03/01/2022
A newly-formed committee will identify the CCP’s operating model and propose the necessary procedures for its establishment, including procurement.
ESG / Sustainability
Malaysia, Thailand Launch Phase 2 of QR Payments Linkage
By Editors | 02/01/2022
Cross-border instant QR payments are now available for travellers between Malaysia and Thailand, including for online e-commerce transactions.
BSP to Enhance Bank Reporting of Credit, Equity Exposures
By Editors | 31/12/2021
Banks will pilot test the new submissions from February until May 2022, using data from the 30 June 2021 reporting period.
Fintech / Regtech
BOT to Delay Testing of Retail CBDC to Late 2022
By Editors | 30/12/2021
After discussions with relevant parties and careful consideration, Thailand will proceed slowly, said BOT deputy director Kasidit Tansanguan.
Securities / Derivatives
Indonesian Bourse Relaxes Listing Rules to Draw in Tech IPOs
By Editors | 28/12/2021
The relaxed rules allow firms to fulfil other qualifications in lieu of the existing net tangible assets requirements for listing.
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