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Capital / Liquidity
Vietnam Extends Debt Rescheduling as Bad Debts Pile Up
By Editors | 15/09/2021
The SBV is allowing lenders to extend the repayment term for customers by six months more months and granting more time for overdue debts to be restructured.
Securities / Derivatives
Thailand, Singapore to Introduce Depository Receipt Linkage
By Manesh Samtani | 15/09/2021
Through the new linkage, Singapore and Thailand listed companies will be able to issue depository receipts in each other’s markets.
Market Infrastructure
Malaysia, Thailand Invite Banks to Become ‘Qualified ASEAN Banks’
By Manesh Samtani | 15/09/2021
The initiative is part of the April 2019 bilateral arrangement between BNM and BOT under the ASEAN Banking Integration Framework.
Enforcement
BSP Introduces Stricter Penalty Framework for FIs
By Sanday Chongo Kabange | 13/09/2021
Monetary penalties have increased from PHP 30,000 to a maximum PHP 1 million for each violation. Fines up to three times profit gained or loss avoided can also be imposed.
Market Infrastructure
Philippine Banks Adopting Global Best Practices in FX Settlement
By Jimmy Ho | 13/09/2021
Jimmy Ho and Sammie Chan discuss Metrobank’s adoption of PvP settlement and how it reflects a broader trend in the Philippine banking industry.
Securities / Derivatives
Thai SEC Eases Red Taps for Foreign Issuers Seeking IPO
By Pongnut Thanaboonchai | 12/09/2021
The change will reduce the burden of raising funds for foreign companies and help boost the competitiveness of Thai capital markets, the SEC said.
AML / KYC
Philippine SEC Disseminates Guidance on Targeted Financial Sanctions
By Editors | 12/09/2021
The guidance now covers targeted financial sanctions related to terrorism, terrorism financing, and proliferation financing, including remedies and relevant UNSC links.
Capital / Liquidity
Bangladesh Banks Asked for Plans to Address Capital Shortfall
By Editors | 12/09/2021
Eleven banks, including seven that are state-owned, are asked to explain how they plan to address capital shortfalls.
Fintech / Regtech
Philippines: BSP Has 11 Digital Bank Applications to Review
By Editors | 12/09/2021
Two applications were already under review. Nine new applications were received before the deadline. Only two more licences may be up for grabs.
Market Infrastructure
CBSL Governor Steps Down as Sri Lanka Faces FX Crisis
By Editors | 12/09/2021
Sri Lanka has imposed import restrictions to limit foreign currency outflows, while also borrowing more internationally to bolster its reserves.
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