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BSP Encourages Greater Development of Islamic Banking
By Ranamita Chakraborty | 01/04/2021
The BSP is proactively approaching local and foreign lenders to ascertain whether they are interested in establishing Islamic banking units.
Thailand Unveils More SME Support, ‘Asset Warehousing’ Scheme
By Sanday Chongo Kabange | 29/03/2021
The asset warehousing scheme allows debtors to transfer assets for debt settlement while allowing them the right to buy back these assets at a later date.
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.
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