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Market Infrastructure
Sri Lanka Should Start LIBOR Transition ‘Immediately’ – ICRA
By Editors | 11/02/2020
The central bank, financial institutions, and companies must assess the impact, and the LIBOR transition should start “immediately”, says ICRA Lanka, a Moody’s group company.
AML / KYC
BOT Launches Digital Account Opening Tests at Six Banks
By Editors | 07/02/2020
Six banks will open online deposit accounts digitally, using facial recognition to verify customer identities against information held in the new National Digital ID platform.
BOT Launches Phase Three of ‘Debt Clinic’ Scheme
By Editors | 05/02/2020
Phase 3 will expand the scope of covered personal debt to include cases involving a single debtor. The Debt Clinic has so far helped over 3,000 borrowers refinance bad debt.
Securities / Derivatives
Thailand, Luxembourg Explore Financial Market Cooperation
By Editors | 04/02/2020
Thailand’s SEC and LuxSE have discussed cooperation to promote sustainable finance, while also agreeing to explore the creation of a trading link between the two countries.
Capital / Liquidity
Vietnam to Bolster Capital at State-owned Banks
By Editors | 04/02/2020
Vietcombank and Vietinbank will each receive government funds to bolster their capital. Agribank will be allowed to retain its earnings rather than contribute to the state budget.
Fintech / Regtech
Philippines, Indonesia Sign MOU on Payments, Digital Innovation
By Editors | 04/02/2020
The MOU aims to provide a framework for closer cooperation between the Philippine and Indonesian central banks to achieve enhance their payment systems and promote digital financial innovation.
Fintech / Regtech
Cambodia to Launch CBDC-based Payment System
By Editors | 03/02/2020
The new payment system expected to launch in the coming months has the support of 11 banks so far, and will operate using a quasi-CBDC known as ‘Bakong’.
Capital / Liquidity
BSP Proposes New Reporting Requirements for Conglomerate-run Banks
By Editors | 03/02/2020
Under draft rules, universal and commercial banks that are part of conglomerates will have to report information on all entities and assets in the conglomerate structure.
Capital / Liquidity
Bangladesh to Form ‘Bad Bank’ to Deal with Bad Loans
By Editors | 01/02/2020
A new public asset management company will reportedly be formed to help remove defaulted loans from banks’ books, allowing them to limit bad loan provisioning.
Market Infrastructure
Lao Central Bank Launches QR Code Payment Standard
By Editors | 31/01/2020
The QR code payment standard will minimise the use of cash, drive Laos towards a digital economy, and boost socio-economic development.
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