Reading Time: 12 minutesOn 28 June 2019, the Monetary Authority of Singapore (“MAS“) announced that it will issue up to five digital banking licenses[1]. This was a revolutionary move by the MAS as digital bank licenses were extended to non-bank players and allowed banks to operate in Singapore with minimal physical presence. The MAS recognises that the banking […]
Foreign Participation in Myanmar Banking Sector
Reading Time: 5 minutesABSTRACT: Any reform aiming to increase foreign investment in a country can only be accomplished when there is uniformity between the legal provisions and the practices followed by the regulatory authorities. Adherence to legacy legislation and erroneous interpretation of the new laws would erode the objective of the reforms, leading Myanmar off the path toward greater development and progress. With the doors of the banking industry remaining shut […]