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Capital / Liquidity
Philippine Senate Considers Bills to Enhance Deposit Insurance
By Ranamita Chakraborty | 28/03/2021
The Senate is considering a bill to double the maximum deposit insurance limit to PHP 1 million per depositor.
AML / KYC
US Sanctions Holding Companies Backing Myanmar Military
By Editors | 26/03/2021
The new sanctions target the Myanmar military’s control of significant segments of the country’s economy, which is a vital financial lifeline for the military junta.
Market Infrastructure
BOT Issues First Floating Rate Bonds Based on THOR
By Editors | 25/03/2021
Investor interest was stronger than expected, with subscriptions amounting to more than four times the proposed issue size.
AML / KYC
Compliance Costs Impacted by Technology, Covid: Report
By Sanday Chongo Kabange | 25/03/2021
Firms across APAC that allocate a higher percentage of compliance spend to technology have comparatively lower overall compliance cost.
Fintech / Regtech
BOT Outlines Plans to Develop Policy on Stablecoins
By Sanday Chongo Kabange | 24/03/2021
Parties seeking to issue a THB-backed stablecoin are required to consult with the BOT before beginning any operations. A consultation will be issued by mid-year.
Capital / Liquidity
Bangladesh Bank Eases Dividend Caps for Banks, NBFIs
By Editors | 24/03/2021
Banks can pay up to 35 percent in dividends and NBFIs up to 30 percent, provided half of the dividend is paid in stock.
Fintech / Regtech
BSP, PDAX to Cooperate on Crypto-and-Fintech Regulatory Sandbox
By Editors | 23/03/2021
A crypto-and-fintech regulatory sandbox will boost innovation and technological advancement in financial services, while also increasing public participation in these markets.
AML / KYC
Bangladesh TBML Rule Makes Mis-invoicing a Jailable Offence
By Sanday Chongo Kabange | 22/03/2021
A new Finance Ministry order makes incorrect declaration on exports, imports and investment abroad a jailable offence.
Capital / Liquidity
Myanmar Military Threatens to Confiscate Bank Assets
By Manesh Samtani | 19/03/2021
Commercial banks have been ordered to resume full operations, or else transfer deposit accounts to state- or military-owned banks.
Market Infrastructure
BOT to Continue THBFIX Publication until Mid-2023
By Editors | 18/03/2021
Banks should not undertake transactions using THBFIX from 1 July 2021 onwards. The BOT has started publishing fallback rates for THBFIX.
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