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BoT set to issue standards for SFIs
Move to better reflect borrowers risks
published : 18 Feb 2021 at 07:00
5
The Bank of Thailand is preparing to issue the accounting and financial reporting standards for specialised financial institutions (SFIs) to better reflect borrowers actual risks and strengthen financial fundamentals for banks, says a Fiscal Policy Office (FPO) source.
The move will also prevent an additional fiscal burden shouldered by the government, according to an FPO source speaking on condition of anonymity.
The central bank has conducted a public hearing on accounting standards for SFIs, which has to align with the International Financial Reporting Standards 9 or IFRS9, by taking into account opinions on the draft regulation on the accounting and financial reporting standards required by state-owned SFIs.
Continued strong performance throughout COVID-19 pandemic and successful management internalisation Primary Health Properties PLC ( PHP , the Group or the Company ), a leading investor in modern primary health facilities, announces its audited preliminary results for the year ended 31 December 2020. Harry Hyman , Chief Executive, commented: We have continued to support the NHS in the UK, HSE in Ireland and our GP occupiers throughout the COVID-19 pandemic which has highlighted the demands on health systems around the world. Many of our primary care facilities and occupiers are now in the front-line of delivering Covid-19 vaccines. We continue to see demand for extra space to help enable the redirection of activities out of hospitals. The need for modern, integrated, local primary healthcare facilities is becoming ever more pressing in order to relieve the pressures being placed on hospitals and A&E departments.
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It was unfortunate that such a fundamental change to the
regulatory regime of the British Virgin Islands
(
BVI) was largely overshadowed due to the twin
challenges of the economic substance regime implementation in
2019/2020 and the COVID 19 pandemic in 2020. Save for
structures established for the purposes of a making a single
investment, most investment fund structures that fell outside the
open-ended fund regime will now be subject to the new regulations
and many investment holding structures that may not previously have
been considered as funds may warrant some regulatory
ING to leave Czech retail banking market by end-2021
ING to leave Czech retail banking market by end-2021
Customers will receive a welcome offer from Raiffeisenbank Czech Republic
ING is announcing today that it intends to withdraw from the retail banking market in the Czech Republic. Raiffeisenbank Czech Republic has agreed to prepare a welcome offer for ING’s retail customers in the Czech Republic.
In March, customers will receive an invitation from Raiffeisenbank to move to this bank over the coming months. The ambition is for ING to stop all its retail activities in this market by the end of 2021. ING will remain active in the Czech Republic as a provider of wholesale banking products and services.