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Market Infrastructure
Myanmar Awards Licences to Seven More Foreign Banks
By Editors | 13/04/2020
The preliminary licences were awarded to three Korean banks, two Taiwanese banks, one Hong Kong bank and one Thai bank.
AML / KYC
FATF Grants Pakistan More Time to Address AML/CFT Deficiencies
By Editors | 12/04/2020
Pakistan will now have to submit its progress report in August instead of April, and the FATF review scheduled for June will instead take place in October.
Market Infrastructure
Indonesia Has Adopted Measures to Implement PFMI: CPMI-IOSCO
By Editors | 09/04/2020
Since the 2019 update, Indonesia and Saudi Arabia have finished adopting measures that will enable them to implement the PFMIs for all financial market infrastructure types.
Capital / Liquidity
BSP Offers Banks Mark-to-Market Relief, Cuts Liquidity Requirements
By Editors | 08/04/2020
The accounting relief allows banks to effectively reverse unrealised losses resulting from a change in fair value. The MLR cut frees up almost $200mn for smaller lenders.
Securities / Derivatives
BOT to Stabilise Corporate Bond Market, Ramp Up SME Support
By Editors | 08/04/2020
Among the new measures announced are six-month loan payment holidays and new low-cost loans for SMEs, and the establishment of a corporate bond stabilisation fund.
Capital / Liquidity
Sri Lankan Brokers Prohibited from Charging Interest on Margin Loans
By Editors | 08/04/2020
The central bank has also suspended overseas investment and outward remittances by Sri Lankan residents, and cut interest rates for the second time in three weeks.
Bangladesh Announces Measures to Aid Businesses Through Lockdown
By Editors | 06/04/2020
Under a $7.9bn stimulus plan, banks will distribute working capital loans with the interest cost to businesses partly subsidised by the government.
Vietnam Banks Offered Incentives to Aid Businesses
By Editors | 06/04/2020
About 11% of total outstanding loans in the banking system are estimated to not be paid as scheduled due to the coronavirus pandemic.
AML / KYC
The Four e-KYC Models Around the World
By Claus Christensen | 05/04/2020
Claus Christensen at Know Your Customer Ltd identifies four e-KYC models in use across the world, but says that harmonisation and consolidation of these schemes is likely.
Big Picture
Outlook on 14 APAC Banking Systems is Negative: Moody’s
By Editors | 03/04/2020
Coronavirus-related disruptions will weaken the operating environment and weigh on asset quality, despite policy measures to help mitigate the effects on banks.
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