Regulatory reforms aimed at implementing interna¬tional best practices across banks, capital markets and the insurance industry have been undertaken in Jordan’s financial services sector, which already benefits from stable, well-capitalised and profitable lenders, and rapid growth and diversification in Islamic financial services. Yet, there remains room for improvement. The majority of the...
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Chapter | Financial Services from The Report: Jordan 2018
As ongoing volatility continues to hamper growth in the region, Jordan has made significant progress in preserving macroeconomic stability and reducing its fiscal deficit in the past few years. Efforts to the fulfill the stipulations of a $723m extended fund facility agreement with the IMF continue, and the government may need to pursue more widespread reforms to increase income tax revenues and limit tax avoidance so as to sustain recent momentum.
Articles & Analysis | Awaited reforms to boost stock trading in Myanmar from The Report: Myanmar 2018
With the new Yangon Stock Exchange (YSX) established as recently as October 2015, Myanmar’s capital markets remain at a very early stage in their development. As such, the bourse is subject to many of the pitfalls often found in a low-volume, frontier industry, but there is also a wealth of potential. With access to finance being one of the...
Articles & Analysis | New reinsurance programmes bolstering coverage against natural disasters in emerging markets from The Report: Myanmar 2018
While advanced economies generate the vast majority of insurance and reinsurance business, emerging markets are posting higher rates of growth. Complementing this underlying trend is a strong and expanding interest in catastrophic risk, which by nature tends to pertain to emerging markets. This is coming alongside fast-paced, sector-...
Articles & Analysis | New laws align Myanmar's financial services sector with international best practices from The Report: Myanmar 2018
Over the past 15 years there has been a steady stream of new sector regulations, with each piece of legislation aligning Myanmar’s banks closer to international standards and best practices. This began in 2002 with the Control of Money Laundering Law, an important first step towards containing this problem. It also signalled to the...
