All posts tagged "foreign banks"
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538Asia-PacificMyanmar Awards Licences to Seven More Foreign Banks
The preliminary licences were awarded to three Korean banks, two Taiwanese banks, one Hong Kong bank and one Thai bank.
April 13, 2020 -
704Capital RegulationCBIRC Issues Revised Regulations for Foreign Banks in China
The revised regulations implement the removal of foreign ownership limits and asset thresholds for setting up local units, among other relaxations.
December 30, 2019 -
806Asia-PacificMyanmar to Open Applications for Foreign Bank Licensing
Branch licences will allow wholesale banking activities, while subsidiary licences will permit retail banking services in addition to wholesale banking.
November 9, 2019 -
369Capital RegulationUS Fed Finalises Easier Capital, Liquidity Rules for Banks
Banks that present less risk, including foreign banks, will have reduced requirements. An idea to subject US branches of foreign banks to new liquidity requirements has also been dropped.
October 14, 2019 -
960Asia-Pacific
Myanmar Allows Foreign Banks to Set Up Local Subsidiaries
Foreign banks will be able to enter the retail banking space and operate as local banks by setting up subsidiaries, rather than just branches.
May 25, 2019 -
392Capital RegulationChina Cuts Reserve Requirements for Banks
Banks must use majority of cash freed up from 1% RRR cut to repay central bank loans; the rest can be used for small business loans.
April 20, 2018
