OTHER ASIA PACIFIC

    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.

    AML / KYC

    Global AML, Sanctions Fines Topped $8bn in 2019: Fenergo

    By Editors | 02/04/2020

    Last year was the second-biggest year on record for fines against financial institutions for AML and sanctions violations, according to a new report from Fenergo.

    Philippines Mandates 30-Day Grace on Loans During Covid-19 Lockdown

    By Editors | 02/04/2020

    All lenders are barred from charging interest, penalties, fees, or other charges on all loans to individuals, households, MSMEs and corporate borrowers during Luzon’s enhanced community quarantine.

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