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BOT Cuts Benchmark Interest Rate to Record Low 0.5%
By Editors | 22/05/2020
Thailand’s National Economic and Social Development Council expects economic performance this year to be the worst since the Asian financial crisis.
AML / KYC
BSP Prepares Guidelines to Regulate Virtual Asset Service Providers
By Editors | 21/05/2020
The BSP may require higher capital requirements for VASPs based on their scope, scale of operations and complexity of operations.
Bangladesh: Banks, NBFIs Commit to Disbursing Stimulus Loans
By Editors | 21/05/2020
Bangladesh Bank has signed participation agreements with 44 banks and 23 NBFIs to disburse $1.8bn in loans as part of the government’s stimulus package.
Market Infrastructure
S. Korea Set to Implement Asia Region Funds Passport
By Editors | 20/05/2020
Korea will join Japan, Thailand, Australia and New Zealand in implementing ARFP on 27 May, paving the way for cross-border sales of eligible publicly offered local funds.
AML / KYC
Cambodia Approves Draft Laws to Curb Money Laundering
By Editors | 20/05/2020
The draft bills were reportedly motivated by Cambodia’s placement on the FATF’s ‘grey-list’ last year, which impacts foreign investment and the economy.
Capital / Liquidity
Bangladesh Opens Special One-Year Repo Facility for Banks
By Editors | 18/05/2020
The new facility will allow lenders to access central bank liquidity for up to 360 days, compared to a maximum 28-day term allowed under existing facilities.
Capital / Liquidity
Sri Lanka Central Bank Bans Dividends, Share Buybacks at Banks
By Editors | 15/05/2020
Foreign banks are prohibited from repatriating profits. LCR and NSFR requirements have been reduced to 90%. Banks are told to refrain from non-essential expenditures.
Bangladesh Bank Eases Rules on Foreign Firms Borrowing Overseas
By Editors | 14/05/2020
Under existing rules, foreign companies can only borrow from their parent companies during their first three years of their operation in Bangladesh.
Securities / Derivatives
Sri Lankan Bourse Reopens to Trading Halts After 7-week Haitus
By Editors | 14/05/2020
The Colombo Stock Exchange opened for trading for the first time in seven weeks on Monday, triggering trading halts on its new circuit breaker mechanism.
Capital / Liquidity
Bangladesh Restricts Dividend Payments by Banks
By Editors | 14/05/2020
It is necessary to maintain the cash flow by strengthening the banks’ capital during the coronavirus pandemic, Bangladesh Bank said.
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