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After submitting the Bill, Members of Parliament, who are willing to make suggestions on the Bill are invited by the Speaker. MOPF, This military junta chose a more market oriented approach. Chapter 4 — Services of the Banking Sector Myanmar banks offer domestic inter-branch and inter-bank remittance services, telegraphic transfer and international fund transfer by SWIFT Code through corresponding banks, and international transfer through third party remittance service providers such as Moneygram, Western Union, Xpress Money, International Money Express, etc. Furthermore, it offers clear exit strategies for banks, should they become non-viable. However, CBM procedures for new product approvals are not standardized and the approval period is not yet clearly defined. To receive a license foreign banks have to deposit a USD 45 million reserve at the CBM, money for which they do not receive any interest. Specifi c goals set out under the AEC Blue- print include the progressive removal of restrictions on intra-regional provision of fi nancial services, harmonisation of regional capital market standards and capacity development support for ASEAN capital markets, mutual recognition of qualifi cations of fi nancial sector professionals, liberalization of capital accounts through the dismantling of account restrictions, and harmonisation of payments and settlements systems. The technology is available and it is far from being rocket science. However, the CBM together with the Bankers Association should work on harmonizing and modernizing the reporting taxonomy.