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Fintech / Regtech
BSP May Raise Cap on Digital Banking Licences
By Ranamita Chakraborty | 25/04/2021
Under the digital banking framework approved by the BSP in November, the number of digital bank licences is capped at five.
AML / KYC
BSP Renews Push for Changes to Bank Secrecy Law
By Editors | 23/04/2021
BSP Governor Benjamin Diokno expects a pending bill to be acted upon by Congress as early as May.
Philippines to Grant BSP Authority Over Insurance Commission
By Editors | 23/04/2021
Under a proposed bill, the supervision of the Insurance Commission will move from the Department of Finance to the BSP.
AML / KYC
BaFin Files Criminal Complaint Against Deutsche Bank Exec
By Manesh Samtani | 23/04/2021
Alexander Schütz is suspected of using inside information to trade Wirecard shares. A separate probe into EY’s audits of Wirecard is continuing.
AML / KYC
Philippines: PhilSys National ID System Draws 28m Registrations
By Editors | 22/04/2021
The issuance of PhilSys ID cards is expected to start within 2021, eventually replacing most other forms of government-issued ID.
Capital / Liquidity
Bangladesh Bank Issues Guidelines on Country Risk Management
By Ranamita Chakraborty | 20/04/2021
From Q1 2022, banks will need to make general provisions on the net funded country exposures on a graded scale ranging from 0.25 to 20 percent.
Capital / Liquidity
Bangladesh Bank Issues Guidelines on ‘Experimental’ IRRBB Adoption
By Editors | 19/04/2021
To facilitate the full implementation by 30 June 2024, banks are asked to arrange for the experimental adoption of the guidelines by 30 June 2021.
AML / KYC
Philippine Banks May Face ‘Systemic Solvency Distress’: IMF
By Ranamita Chakraborty | 19/04/2021
Bank capital adequacy could fall to 11.7% by 2022 in a baseline scenario, 9.3% in an adverse scenario, and 4.9% in a severe adverse scenario.
Citigroup to Exit 13 Markets, Including 10 in Asia
By Editors | 19/04/2021
The move is part of an ongoing strategic review to allow Citi to direct resources to the businesses where it has the greatest scale and growth potential.
Cambodian Lenders Grant Reprieve from Debt Repayment
By Ranamita Chakraborty | 14/04/2021
Six measures have been announced, including lower interest rates, credit restructuring benefits and relief for Covid-19 patients.
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