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CBDCs
BOT Confirms Plans to Pilot Retail CBDC in Q2 2022
By Sanday Chongo Kabange | 24/08/2021
The CBDC will be cash-like and non-interest-bearing, to ensure that it does not compete with deposits or cause runs on financial institutions.
Capital Adequacy
BOT Announces Measures to Incentivise Debt Restructuring
By Pongnut Thanaboonchai | 24/08/2021
The incentive scheme involves a relaxation of capital reserve requirements through flexible implementation of classification and provisioning guidelines.
Structural Regulation
BSP to Close Application Window for Digital Banks
By Editors | 23/08/2021
The application window will be closed for three years. Applications received by 31 August will be processed on a first-come, first-served basis.
Payments & Settlements
BSP Designates RTGS System as Systemically Important
By Ranamita Chakraborty | 23/08/2021
The BSP was granted authority to designate systemically important payment systems under the National Payment Systems Act, which was signed into law in 2018.
Sustainable Finance
Thailand: Regulators Set Out Sustainable Finance Initiatives
By Editors | 22/08/2021
The strategic initiatives include the development of a sustainable finance taxonomy, the ESG data environment, and sustainable finance products.
Structural Regulation
OJK Indonesia Introduces Digital Banking Framework
By Editors | 22/08/2021
Digital banks should have a minimum paid-up capital of IDR 10 trillion (USD 694 million). However, the capital deposit required at the time of application is IDR 3 trillion.
Capital Adequacy
Bangladesh Bank Raises Leverage Ratio Requirement
By Editors | 22/08/2021
A higher leverage ratio will help banks reduce import costs, increase quality capital, and enhance their ability of banks to absorb riskes, Bangladesh Bank said.
Payments & Settlements
BSP Relaxes Rules on FX Trade Approval for Banks
By Editors | 22/08/2021
Banks can sell FX without prior BSP approval if they will be used for activities such as online e-commerce payments, certain imports of goods, and fee payments.
Structural Regulation
Philippine SEC Issues Final Guidelines for ASEAN CIS Framework
By Editors | 22/08/2021
In May, the Philippines became the fourth signatory to the ASEAN CIS Framework for cross-border funds after Malaysia, Singapore and Thailand.
Structural Regulation
BSP Grants Digital Bank Licence to Gokongwei-Tyme Joint Venture
By Editors | 20/08/2021
The application window for the submission of applications from new digital banks, including converting banks, will close on 31 August 2021.
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