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Year in Review: Developments in Banking Regulations of Central Bank of Myanmar – 2020
December 29, 2020The 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
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