 |
 | ASEAN+3 Asian Bond Markets Initiative |
 | "ASEAN+3 ABMI: Group of Experts (GOE)
Working Group 3 on Foreign Exchange Transactions and Settlement" |
| 18 July 2008 |
| The GOE was established by ABMI in April 2008. Its main role is to provide recommendations to improve cross border bond settlements in ASEAN+3. |
|
| Currency Exchange Controls |
| Malaysia: Currency Exchange Controls |
| 11 June 2008 |
| Bank Negara Malaysia further liberalized its rules on borrowing in foreign currency by residents as well as borrowing and lending in MYR between residents and nonresidents. |
|
| Cross Border Portfolio Investments |
| Malaysia: Cross Border Portfolio Investment |
| 03 June 2008 |
| AsianBondsOnline provides an overview of Malaysia's regulation on capital markets based on BNMs foreign exchange administration rules |
|
| In Focus: Commentary |
| Viet Nam Continues Building a Derivatives Market |
| 30 May 2008 |
| Vietnam’s government has been working in collaboration with commercial banks toward introducing new derivative products to the market. The new "In Focus" narrates the efforts initiated by the State Bank of Vietnam and Bank for Investment and Development of Viet Nam as well as international banks to facilitate the development of the derivatives market. |
|
| In Focus: Market Analysis |
| More Bonds Being Issued Across Borders in Asia's Local Currency Markets |
| 30 May 2008 |
| The new "In Focus" highlights recent companies' issuance of local-currency denominated bonds within the Asian region. These local currency denominated bonds provides attractive yields due mainly to the weakness of the US dollar. |
|
| Reference Rate |
| Korea: Adoption of New Policy Rate |
| 08 March 2008 |
| The Bank of Korea (BOK) decided to adopt a new benchmark interest rate replacing the target overnight (uncollaterized) call rate used for interbank borrowings with the 7-day repurchase agreement (RP) rate termed ‘Bank of Korea Base Rate’ (the Base Rate). |
|
| Cross Border Portfolio Investments |
| Thailand: Abolition of the unremunerated reserve requirement (URR) |
| 02 March 2008 |
| The BoT lifted the unremunerated reserve requirement effective (URR) March 1, 2008. Thai banks can trade foreign exchange with nonresidents without needing to set aside 30% of foreign funds kept in domestic accounts. The BoT requirement of full foreign exchange hedging for incoming speculative funds invested in Thai fixed income instruments and related mutual funds was also abolished. |
|
|
