Home » Myanmar Publications » Year in Review: Developments in Banking Regulations of Central Bank of Myanmar – 2020
Year in Review:  Developments in Banking Regulations of Central Bank of Myanmar - 2020

Year in Review: Developments in Banking Regulations of Central Bank of Myanmar – 2020

December 29, 2020

The Central Bank of Myanmar (“CBM”) has published a number of directives in the year 2020 many of which are aimed at supporting the banking sector in an economy that is going through complexities triggered by the pandemic. We have produced below brief summaries of each of those directives as part of our yearly roundup of CBM regulations.

Highlights of this note

  • Revised Offshore Loan Approval Criteria
  • Interest Rates Adjustments
  • Bank Accounts for Foreign Investors Trading in Shares of YSX-Listed Companies
  • Reduction of Minimum Cash Reserve Percentage
  • Revised Liquidity Ratio Calculation
  • Limitations on Accepting or Facilitating Transactions Involving Digital Currencies
  • Principles For Regulating the Non-Banking Financial Sector Institutions
  • Guidelines on Risk Management Practices of Banks

AUTHOR

Surath is a legal advisor in the firm’s Banking & Finance team. He advises international financial institutions, commercial banks and corporate borrowers in projects and inclusive finance transactions. He is registered as an advocate with the Bar Council of Delhi.


Read more

RELATED EXPERIENCES