Other Asia Pacific

Capital / Liquidity

BSEC Frames Rules for Mandatory Trading of Banks’ Perpetual Bonds

By Duruthu E Chandrasekera | 16/07/2020

Two banks have received conditional approval to list perpetual bonds on Bangladesh’s stock exchanges, while BSEC works to frame its rules for the listings.

AML / KYC

BSP to Promote Inclusion by Lowering Investment Account Minimum

By Editors | 15/07/2020

The BSP is considering lowering minimum amount a client must maintain in an investment account from ₱1mn to ₱100,000.

Securities / Derivatives

Thailand SEC Approves Rules on High-yield Bond Funds

By Editors | 15/07/2020

High-yield bond funds can be set up as non-redeemable closed-end mutual funds or investment trusts, with a maturity period of at least two years.

Securities / Derivatives

Bangladesh Banks Show Little Interest in Stock Market Investment

By Duruthu E Chandrasekera | 15/07/2020

Despite a central bank programme offering credit support for banks to invest in the stock market, banks are showing little interest in participating.

Market Infrastructure

ASIFMA Publishes IBOR Transition Guide for Asia

By Editors | 14/07/2020

The guide provides an overview of issues for FIs to consider in their LIBOR transition programmes and an implementation checklist.

Market Infrastructure

Thailand Proposes Rule Changes to Enable Hong Kong MRF

By Editors | 13/07/2020

The mutual recognition of funds scheme will help promote the competitiveness of Thai fund managers and increase investment options for investors in both markets.

Securities / Derivatives

Philippines Proposes Regulatory Framework for Corporate Debt Funds

By Sanday Chongo Kabange | 13/07/2020

The new closed-end investment vehicle will enable investment in debt paper issued by large and medium-sized corporations, to help avert credit and liquidity crises.

Banks ‘Must’ Pass on Reduce Rates to Borrowers: CBSL

By Duruthu E Chandrasekera | 10/07/2020

Sri Lanka’s central bank has cut interest rates again and is ramping up pressure for banks to reduce the rates they charge borrowers, particularly small businesses.

Enforcement

Indonesia’s Planned Bank Regulation Reshuffle Will Take Time

By Duruthu E Chandrasekera | 08/07/2020

President Joko Widodo’s plan to return bank oversight functions to Bank Indonesia is unlikely to be an immediate fix for the ongoing Covid-19 related challenges.