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Big Picture
S&P Upgrades Philippine Banking System Following New BSP Charter
By Editors | 04/03/2019
The new charter bolsters the BSP’s powers to exercise its core mandate of promoting a sound financial system and address risks arising from the financial system’s interconnectedness.
Crypto / Digital Assets
Thailand to Allow Scripless Issuance, Tokenisation of Securities
By Editors | 26/02/2019
The National Legislative Assembly has endorsed an amendment that will enable the scripless issuance and tokenisation of primary market securities, as early as this year.
Philippine President to Select New BSP Chief
By Editors | 26/02/2019
Seen as a champion for banking reform and financial inclusion, BSP governor Nestor Espenilla passed away on Saturday after just 18 months on the job.
AML / KYC
FATF Commends China, Sri Lanka; Watchlists Cambodia
By Manesh Samtani | 26/02/2019
The Financial Action Task Force has marked the end of its fourth round of mutual evaluations with an announcement of its latest plenary session last week.
Securities / Derivatives
Indonesia Unveils New Rules to Boost Capital Market Activity
By Editors | 26/02/2019
Indonesia’s stock exchange plans to encourage retail investment in the stock market by lowering the minimum price floor and order lot size, among other measures.
Capital / Liquidity
Sri Lanka Cuts Bank Reserve Requirements
By Editors | 26/02/2019
To boost credit growth, the Central Bank of Sri Lanka has cut the statutory reserve ratio for commercial banks from 6 to 5 percent, starting in March.
Fintech / Regtech
BSP Streamlines Licensing Process e-Financial Services Firms
By Editors | 25/02/2019
The move is in line with BSP’s reform agenda to promote digital innovation and increase availability of safer and more efficient channels for financial services.
Capital / Liquidity
Vietnam Central Bank to Slash Reserve Requirements for Some Lenders
By Editors | 20/02/2019
The central bank proposes to halve reserve requirements for banks that assist it in restructuring ailing credit institutions.
Bangladesh Bank Approval of Three New Banks Draws Criticism
By Editors | 20/02/2019
Bangladesh’s decision to approve three new banks has drawn criticism, given the rising nonperforming loans and declining governance standards in the banking sector.
Enforcement
Former Bangladesh Bank Official Jailed for Graft
By Manesh Samtani | 19/02/2019
A former Bangladesh Bank assistant director was fined and sentenced to 10 years in jail for misappropriating $61,700 more than 20 years ago.
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