Other Asia Pacific

Market Infrastructure

Vietnam Central Bank Sets Out 2020 Policy Tasks

By Editors | 10/01/2020

The key policy tasks for the year include reducing banking sector NPLs to below 2% and promoting the use of non-cash payments.

BOT Directs Banks to Adopt Fairer Fee Structures

By Editors | 09/01/2020

Banks are instructed to lower the interest costs and fees loan prepayments and late repayments, and to adopt grace periods to reduce borrower burdens.

AML / KYC

Technology to Drive Regulatory Agenda in 2020: Thomson Reuters

By Manesh Samtani | 09/01/2020

Technology has displaced the 2008 financial crisis as the main issue driving the international regulatory agenda, says a new report from Thomson Reuters.

Fintech / Regtech

Philippine Lawmaker Proposes Regulatory Framework for Virtual Banks

By Editors | 08/01/2020

The bill proposes that the BSP grant five virtual bank licences every year for at least five years, and to allow both financial and non-financial firms to apply.

Capital / Liquidity

Bangladesh Banks Given Final Deadline to Cut Lending, Deposit Rates

By Editors | 07/01/2020

Finance Minister AHM Mustafa Kamal says banks have a final deadline of 1 April to bring down the maximum lending rate to 9% and the maximum deposit rate to 6%.

Sri Lanka to Penalise 8 Banks for Failing to Lower Lending Rates

By Editors | 07/01/2020

Eight banks will be penalised for failure to lower lending rates by a 27 December 2019 deadline set by the central bank in September last year, intended to ensure the public benefits from monetary policy decisions.

BSP Revises Disqualification Rules for Bank Directors, Officers

By Editors | 07/01/2020

Bankers can be disqualified and placed on a watchlist for causing undue injury, material loss or damage to a bank, or for exposing it to higher risk or danger.

Philippines Adopts Guidelines for Bank Reporting of Intraday Liquidity

By Editors | 07/01/2020

Universal banks, commercial banks and their subsidiary thrift banks and quasi-banks are required to submit the ‘report on intraday liquidity’ by end-June 2021, and every month thereafter.

Market Infrastructure

Philippines Approves Introductory Rules for Islamic Banking

By Editors | 06/01/2020

The BSP has released guidelines for the establishment of Islamic banks and Islamic banking units in the Philippines, along with a newly-approved Shari’ah governance framework.