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Capital / Liquidity
BSP Eases Asset Cover Rules for Banks’ FX Exposures
By Editors | 25/04/2020
Banks can offset foreign currency asset cover deficiency incurred on one or more days of the week with excess cover from other days of the same or immediately succeeding weeks.
CBSL Announces New Loan Facility to Aid Businesses
By Editors | 21/04/2020
Loans granted to businesses by participating FIs under the facility will be limited to two months working capital, with 2 years repayment terms and a 4% p.a. interest rate.
Securities / Derivatives
Philippine SEC Moves to Protect Minority Shareholders from Abuse
By Editors | 20/04/2020
Asset sales representing 51% of total assets will require approval from two-thirds of shareholders; minority shareholders will be able to call meetings and add agenda items.
Capital / Liquidity
UPDATED – MSME Loans Can Be Counted Towards Reserve Requirements: BSP
By Editors | 20/04/2020
Loans granted to MSMEs can be counted as part of banks’ compliance with reserve requirements. Detailed guidelines will be issued in due course.
Capital / Liquidity
Bank Indonesia Cuts RRR, Prepares to Buy Govt Bonds
By Editors | 18/04/2020
The measures include a 200bp RRR cut for banks and a 50bp cut for Islamic banks. The central bank may also start buying government bonds in the primary market in two weeks.
Market Infrastructure
Cambodia: Securities Regulator to Undergo Digital Transformation
By Editors | 15/04/2020
The Securities and Exchange Commission of Cambodia will develop a digital reporting system and adopt technology requirements in its regulatory framework.
Securities / Derivatives
Thailand: SET Gets Powers to Respond to Market Disruptions
By Editors | 15/04/2020
In a market disruption event, the SET board now has the power to prohibit short selling and algorithmic trading on the spot, among other measures.
Bangladesh: Bankers Get Incentives to Work During Lockdown
By Editors | 15/04/2020
The central bank has ordered banks pay officers and employees full month salary for 10 days’ work during Covid-19 lockdown.
BSP Announces New Measures to Support Domestic Liquidity
By Editors | 13/04/2020
The BSP will expand the eligible securities it can purchase in the secondary market to include all peso-denominated government securities, rather than just those that are highly traded and liquid.
Capital / Liquidity
Bangladesh Bank Frees Up Additional Bank Lending Capacity
By Editors | 13/04/2020
Bangladesh Bank has increased lending and investment limits for conventional and Shariah banks, respectively, and further lowered the cash reserve requirement and repo rate.
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