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Big Picture
ASIFMA Calls for Global Coordination of Sustainability Efforts
By Manesh Samtani | 03/03/2020
Fragmented approaches to sustainable finance may ultimately undermine the development of sustainable finance through increased complexity and lack of coordination.
Securities / Derivatives
Indonesia Halts Short Selling, Cuts Reserve Requirements
By Editors | 03/03/2020
Short selling was halted to stop panic selling after the first two cases of Covid-19 were detected in the country. Separately, the central bank has introduced 5 new policy measures.
Market Infrastructure
Thailand Raises Currency Repatriation Threshold Five-Fold to $1m
By Editors | 02/03/2020
The move is aimed at achieving more balanced capital flows and at easing the strength of the Thai baht, which hurt the domestic economy last year.
Capital / Liquidity
Philippine Banks to Get Covid-19 Regulatory Relief
By Editors | 01/03/2020
The relief measures may include grace periods for rediscounting loans, staggered booking of credit losses, non-imposition of penalties for reserve deficiencies, and non-recognition of loan defaults.
Fintech / Regtech
Indonesia Halts Fintech Registrations Amid Lack of Supervisory Capacity
By Editors | 01/03/2020
The OJK has temporarily halted new registrations from fintech firms to dedicate its supervisory resources on ensuring the quality of existing firms.
Crypto / Digital Assets
Thailand SEC Sets Out Three Year Strategic Plan for Capital Market
By Editors | 28/02/2020
The strategic plan includes greater integration of ESG factors in the market, enhancing SME and startup access to capital, promoting the use of digital and e-KYC technologies, among others.
Market Infrastructure
Indonesia CSD Goes Live with Nasdaq Technology
By Editors | 28/02/2020
The new CSD platform operates at a rate 40 times faster than the previous system, with the ability to manage up to 80,000 settlement instructions per minute.
Capital / Liquidity
BSP Approves ‘Enhanced’ Capital Requirements for Smaller Banks
By Editors | 27/02/2020
The higher capital standards for stand-alone thrifts, rural and cooperative banks include a 6% minimum CET1 ratio, a 7.5% Tier 1 ratio, and a 2.5% capital conservation buffer.
Market Infrastructure
Central Bank to Discontinue Sri Lanka Inter-Bank Offered Rate
By Editors | 27/02/2020
This decision reflects the lack of SLIBOR’s usage of in benchmarking loan products in the domestic financial market, along with a global trend of phasing out IBORs.
Bangladesh Bank Caps Lending Rate at 9pc, Effective in April
By Editors | 26/02/2020
Bangladesh Bank has instructed banks to set a maximum 9 percent interest rate on all loan products except credit cards by 1 April.
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