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Capital / Liquidity
BSP Approves Measures to Boost Lending to MSME Sector
By Editors | 06/05/2020
The measures include lower risk weights for MSME loans, deferred implementation of the revised risk-based capital framework, and an extension of the relief period for reporting past due and non-performing loans.
Securities / Derivatives
Sri Lanka to Implement New Stock Market Circuit Breaker
By Editors | 05/05/2020
Sri Lanka’s SEC has directed the Colombo Stock Exchange to implement the new circuit breaker structure when the market reopens after its closure on 20 March.
Capital / Liquidity
Philippines: BSP Allows Banks to Draw on Capital, Liquidity Buffers
By Editors | 05/05/2020
Banks that draw from the capital conservation buffer or fall below 100% LCR will not be considered in breach of Basel III rules.
AML / KYC
US Prosecutors Target Foreign Bank Records in North Korean Cyber Hunt
By Nick Turner | 05/05/2020
US authorities may be signalling their intent to increasingly use the PATRIOT Act to gain access to foreign bank records in DPRK sanctions investigations, says Nick Turner at Steptoe & Johnson.
AML / KYC
BSP Warns of Covid-19 related Money Laundering Risks
By Editors | 01/05/2020
Supervised financial institutions are encouraged to prudently leverage on technology to reinforce their controls against fraud and financial crime.
Big Picture
Australia, NZ, China, Japan Get Low Grades on Fund Regulation, Tax
By Editors | 01/05/2020
Australia, New Zealand, China, Japan are among the nations that have received the lowest scores on tax settings and regulatory regimes for the managed funds industry, according to a new Morningstar study.
Capital / Liquidity
BSP Relaxes Loan Classification Norms, MSME Loan Risk Weight
By Editors | 30/04/2020
The relaxation of loan classification norms and the lowering of credit risk weights on MSME loans will apply until end-December 2021.
AML / KYC
Digital Identification in a Post-COVID World
By Editors | 28/04/2020
Social distancing has put KYC into sharp focus, with regulators reiterating their support for digital onboarding to ensure financial transactions are possible.
Securities / Derivatives
Asian Pensions Under Pressure on Early Withdrawals
By AsianInvestor | 27/04/2020
The trade-off between the needs of today and the desires of tomorrow is challenging the retirement savings systems in Asia as Covid-19 forces early withdrawals.
Bangladesh Bank Forms $1.8b Lending Facility for Banks, NBFIs
By Editors | 25/04/2020
Under the new scheme, lenders will be able to borrow funds from Bangladesh Bank at 4% and on-lend those funds to industrial and services sector borrowers at 9%.
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