Other Asia Pacific

AML / KYC

Philippine Lawmakers Approve Strict New Anti-Terrorism Law

By Editors | 04/06/2020

Wiretaps and arrests can be carried out without a warrant. Bank records can be inspected without a court order. Life imprisonment without parole can be imposed for facilitating terrorist acts.

AML / KYC

Bangladesh Bank Files New Civil Suit Over 2016 Cyber Theft

By Editors | 03/06/2020

Bangladesh Bank has filed a new civil suit against RCBC and other Philippine entities in New York State Court over the 2016 bank heist, after its Federal Court case was dismissed in March.

Capital / Liquidity

Thailand: Parliament Approves $60b Covid-19 Aid Package

By Editors | 02/06/2020

The 1.9tr baht aid package includes additional liquidity for banks to lend to SMEs, and a corporate bond stabilisation fund to provide bridge financing to issuers.

Capital / Liquidity

Indonesia: OJK Relaxes Capital, Liquidity Requirements for Banks

By Editors | 01/06/2020

The OJK has removed the capital conservation buffer requirement, lowered the LCR and NSFR requirements to 80%, and deferred Basel III implementation.

Capital / Liquidity

Large Enterprise Loans Can Count Towards Reserve Compliance: BSP

By Editors | 30/05/2020

The BSP said the revised measures are intended to provide credit and help ease the financial burden of firms heavily affected by the Covid-19 pandemic.

Capital / Liquidity

Philippines Approves ‘Bad Bank’ Bill Amid Rising NPLs

By Editors | 27/05/2020

The ‘Financial Institutions Strategic Transfer Act’ allows the creation of asset management companies to buy up non-performing assets from financial institutions.

Capital / Liquidity

Foreign Investors Flee Sri Lankan Bank Stocks Amid Dividend Ban

By Duruthu E Chandrasekera | 26/05/2020

Exacerbated by a seven-week stock market shut down, foreign investors sold large quantities of Sri Lankan bank stocks following a ban on bank dividends this month.

Market Infrastructure

More Protectionist Regulatory Intervention on the Cards, Experts Warn

By Daniel Flatt | 25/05/2020

The raft of government measures designed to stave off corporate raiders is unlikely to abate soon, compliance practitioners say.

AML / KYC

Myanmar: YSX, Securities Firms Directed to Enhance AML Controls

By Editors | 25/05/2020

The YSX is asked to strengthen internal controls and establish an audit committee; six securities firms are asked to address document collection and record-keeping deficiencies.