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Capital / Liquidity
Sri Lanka State Banks Undercapitalised for Basel – Fitch
By Manesh Samtani | 05/06/2018
Large state banks short an estimated $120mn in capital, of which state banks account for 72%; government infusion may be needed to meet Basel III 2019 requirements.
Market Infrastructure
Malaysia Scraps GST on Banking Products
By Manesh Samtani | 03/06/2018
Effective 1 June, Malaysian banks will impose a zero percent GST on all banking products and services, previously subject to 6% GST.
Market Infrastructure
Vietnam to Adopt IFRS Starting This Year
By Garima Chitkara | 31/05/2018
Vietnam to phase in IFRS standards starting this year until 2020 through the adoption of ten to twenty standards deemed appropriate for implementation.
Enforcement
Malaysia Adopts FSPB Professional Code for Finance Industry
By JP Reimann | 28/05/2018
The code aims to instil core minimum standards of conduct, enhance confidence, promote sustainability across financial sector by promoting strong culture of professionalism.
Capital / Liquidity
Philippines Further Reduces Reserve Requirements
By JP Reimann | 28/05/2018
The 100 basis point RRR reduction is expected to help facilitate healthy price discovery on the cost of funds in the financial system.
Securities / Derivatives
Cambodia Establishes Regulatory Framework for Collective Investment
By Manesh Samtani | 24/05/2018
Securities regulator approves directive establishing conditions and procedures to follow for licensing and the legal obligations for collective investment schemes.
Market Infrastructure
Malaysia Implements Segregated Accounts for Bond Investors
By Manesh Samtani | 23/05/2018
BNM has operationalised segregated securities accounts for resident and non-resident investors in RENTAS debt securities using LEIs to identify transacting parties.
Big Picture
Talking Crypto Regulation with Ripple’s Sagar Sarbhai
By Manesh Samtani | 22/05/2018
Regulation Asia sat down with Sagar Sarbhai, Head of Government and Regulatory Relations for APAC and the Middle East at Ripple, to discuss the company’s business proposition and the regulatory challenges it faces across the region.
Fintech / Regtech
Indonesia to Tighten Rules on Fintech Lenders
By Karen Chiu | 19/05/2018
Fintech lenders will be compelled to be registered with OJK; unregistered firms will be unable to tap financial markets or raise funds from banks.
Market Infrastructure
UPDATED – Myanmar Approves Formation of First Credit Bureau
By Editors | 18/05/2018
Joint venture between banks association and Singapore-based ACB Holdings to establish credit bureau will enable banks to better assess loan risks.
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