AML / KYC

Digital Identification in a Post-COVID World

28/04/2020

Social distancing has put KYC into sharp focus, with regulators reiterating their support for digital onboarding to ensure financial transactions are possible.

Securities / Derivatives

SEBI Defers Margin Framework, Halves Broker Turnover Fees

28/04/2020

In addition, the filing fees on offer documents for public issues, rights issue and share buybacks have been reduced by 50 percent.

Securities / Derivatives

RBI Opens New Liquidity Facility for Mutual Funds

27/04/2020

The move follows Franklin Templeton’s decision to freeze and wind up six of its mutual funds amid intense redemption and liquidity pressures, prompting contagion fears across the sector.

Securities / Derivatives

Bursa Malaysia Issuers to Offer Electronic Options to Shareholders

27/04/2020

Listed issuers will be required to offer shareholders electronic options to subscribe for rights shares, exercise convertible securities and participate in dividend reinvestment schemes.

BOJ Ramps Up Support for Bond Markets, Corporate Japan

27/04/2020

The BOJ has removed its bond-buying cap, more than doubled its limit on corporate debt purchases, and expanded the collateral banks can pledge to include household debt.

Principal Payment Deferment Available to Vulnerable Debtors: FSC Korea

27/04/2020

The programme is available through all FIs from 29 April until year-end, allowing vulnerable debtors to defer principal payment for 6-12 months.

Securities / Derivatives

Taiwan: FSC Orders Review of Futures Brokers’ Trading Systems

27/04/2020

Investors complained they lost money due to an inability to place orders last week when crude oil dipped into negative prices.

Market Infrastructure

ACCC Finds Transparency, Competition Issues in Mortgage Market

27/04/2020

The time taken to pass on announced interest rate reductions to customers varied across the big four banks, with revenue being a key motivator. CBA consistently had the longest lag period.

India Suspends Bankruptcy Law Provisions to Avert Insolvency Filings

27/04/2020

India’s Cabinet has approved the suspension of provisions that allow financial and operational creditors to initiate insolvency.