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AML / KYC
Philippines: PhilSys National ID System Draws 28m Registrations
By Editors | 22/04/2021
The issuance of PhilSys ID cards is expected to start within 2021, eventually replacing most other forms of government-issued ID.
Capital / Liquidity
Bangladesh Bank Issues Guidelines on Country Risk Management
By Ranamita Chakraborty | 20/04/2021
From Q1 2022, banks will need to make general provisions on the net funded country exposures on a graded scale ranging from 0.25 to 20 percent.
Capital / Liquidity
Bangladesh Bank Issues Guidelines on ‘Experimental’ IRRBB Adoption
By Editors | 19/04/2021
To facilitate the full implementation by 30 June 2024, banks are asked to arrange for the experimental adoption of the guidelines by 30 June 2021.
AML / KYC
Philippine Banks May Face ‘Systemic Solvency Distress’: IMF
By Ranamita Chakraborty | 19/04/2021
Bank capital adequacy could fall to 11.7% by 2022 in a baseline scenario, 9.3% in an adverse scenario, and 4.9% in a severe adverse scenario.
Citigroup to Exit 13 Markets, Including 10 in Asia
By Editors | 19/04/2021
The move is part of an ongoing strategic review to allow Citi to direct resources to the businesses where it has the greatest scale and growth potential.
Cambodian Lenders Grant Reprieve from Debt Repayment
By Ranamita Chakraborty | 14/04/2021
Six measures have been announced, including lower interest rates, credit restructuring benefits and relief for Covid-19 patients.
AML / KYC
Thailand to Require UBO Transparency in Bond Markets
By Editors | 14/04/2021
Non-residents who invest in debt securities in Thailand are required to open Segregated Securities Accounts with custodians at the UBO level.
Securities / Derivatives
Thailand SEC Amends Rules for Capital Market Auditors
By Sanday Chongo Kabange | 12/04/2021
The experience requirement for auditors in the capital markets has been reduced from a minimum of 10 years to seven years.
AML / KYC
SEC Thailand Allows Crypto Exchange Bitkub to Resume Services
By Editors | 12/04/2021
Bitkub has been allowed to resume accepting new clients. A warning was issued against Binance. Huobi was ordered to suspend services.
Market Infrastructure
LIBOR Phase-out, RFR Adoption: A Path Forward for Sri Lanka
By Lalinda Sugathadasa | 11/04/2021
The CBSL should play a more active role in facilitating the transition in Sri Lanka, says Lalinda Sugathadasa, Head of Research at ICRA Lanka.
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