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Fintech / Regtech
BOT Unveils New Project to Use CBDC for B2B Payments
By Editors | 19/06/2020
A CBDC prototype developed by Digital Ventures will be integrated with systems at industrial conglomerate Siam Cement PCL and its suppliers.
Capital / Liquidity
Bangladesh Defers End Date of Covid-19 Loan Classification Rules
By Editors | 19/06/2020
Banks should not change the classification of loans between 1 January and 30 September this year, even if borrowers fail to meet their scheduled repayment obligations.
Capital / Liquidity
Sri Lanka Cuts Statutory Reserve Ratio, Expands Lending Facility
By Duruthu E Chandrasekera | 17/06/2020
The CBSL has cut the statutory reserve ratio by 200 basis points, releasing $617mn in liquidity in the banking system. The size of its re-finance facility has also been tripled.
AML / KYC
Bank of Papua New Guinea Eyes KYC Utility
By Editors | 15/06/2020
A KYC utility will reportedly be introduced next year as a joint project between Pacific Island countries – Samoa, Tonga, Vanuatu, Fiji, Solomon Islands and PNG.
Capital / Liquidity
Bangladesh Relaxes Rules Prohibiting Bank Dividends
By Duruthu E Chandrasekera | 14/06/2020
Banks are allowed to distribute cash dividends to general shareholders and stock dividends to sponsors and institutional investors.
Securities / Derivatives
Thailand SEC Supports LuxSE Listings by Domestic Firms
By Editors | 10/06/2020
Thai bond issuers can list their securities on LuxSE’s BdL or Euro MTF; or alternatively obtain a profile listing on the SOL to gain visibility on the Luxembourg Green Exchange.
Fintech / Regtech
BOT Launches Regulatory Sandbox for P2P Lending Platforms
By Editors | 09/06/2020
The BOT will seek to use sandbox testing to ensure P2P lending platform providers adopted appropriate risk management and user protection practices.
Capital / Liquidity
Radical Steps Needed from Vietnam Banking Sector
By Francois Denimal | 09/06/2020
Vietnam’s banking sector must take radical steps to adopt international capital rules, reporting requirements and trading practices, says Francois Denimal at FIS.
Sri Lanka to Triple Refinance Facility Limit for Banks
By Duruthu E Chandrasekera | 08/06/2020
The tripling of the limit was proposed to the Cabinet following complaints from various parties that they had not received relief from their banks.
Fintech / Regtech
Sri Lanka SEC Approves Rules to Digitalise Stock Market
By Duruthu E Chandrasekera | 07/06/2020
Sri Lanka’s SEC has approved rules to enable electronic account opening, trading and settlement at the Colombo Stock Exchange.
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