Financial Institutions and Markets (J)




Financial Institutions and Markets (J)


Fenech Farrugia Fiott Legal are proud to announce the publication of the Malta chapter in the prestigious publication- The Transport Finance Law Review. The publication is international in scope and is designed to provide industry insights to transport finance in each of the key jurisdictions in which ships, rolling stock and aircraft are financed.

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By: Jono Yeo (Managing Associate) and Kevin Yehezkiel N. (Associate)

On 27 July 2016, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) enacted OJK Regulation No. 27/POJK.03/2016 regarding Fit and Proper Test for the Primary Party of Financial Services Institutions (“POJK No. 27/2016”), which came into effect on 1 August 2016 for Financial Services Institutions (other than pawn companies) (“FSI”), and on 27 July 2018 for pawn companies. Following the enactment of POJK No. 27/2016, on 30 August 2016, OJK has also enacted Circular Letter of OJK No.31/SEOJK.05/2016 to support POJK No. 27/2016 (“SEOJK No. 31/2016”).

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Read more: New OJK Regulation in Indonesia - Fit and Proper Test for the Primary Party of Financial Services...


A.S.A Bari, a Barrister at Lincoln’s Inn, Managing Partner of A.S & Associates and, and an Advocate of the Supreme Court of Bangladesh discusses Bangladesh’s current biggest legal challenge, Non-Performing Loan recovery. 

In Bangladesh, the foremost challenge for the financial institutes is Non-Performing Loan (NPL) recovery. Recently the Ministry of Finance of the Government of the People’s Republic of Bangladesh informed the national Parliament that the total amount of non-performing loan is BDT 560 Billion. According to Bangladesh Bank, the Central Bank of Bangladesh, NPL ratio increased by 113 basis points, reaching 9.9 percent at end of March 2016 from 8.8 percent (9.3 as per World Bank) recorded at end of December 2015. 

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By: WMS Chartered Accountants (Queensland, Australia - TIAG)

Click the link below to view Investment Markets and Key Developments over the Past Week; Major Global Economic Events and Implications; Australian Economic Events and Implications; and more.

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The Bank Indonesia (“BI”) has amended Bank Indonesia Regulation No. 16/21/PBI/2014 regarding Implementation of Prudential Principles in Managing Offshore Loans of the Non-Bank Corporation (“BI Reg No. 16/2014”) by enacting Bank Indonesia Regulation No. 18/4/PBI/2016 (“BI Reg No. 18/2016”), which came into effect on 22 April 2016. In essence, BI Reg No. 18/2016 broadens exemption from the obligation to comply with the credit rating[1] provision under Article 7 of BI Reg No. 16/2014.

Read more: Amendment of Offshore Loans Credit Rating Compliance for Non-Bank Corporations