Securities / Derivatives

China Launches New LPG Futures, Options Contracts

31/03/2020

The day-apart launches mark the first time futures and options for a single product debut nearly simultaneously on a Chinese commodities exchange.

Australian Banks Extend Loan Deferrals to More Businesses

31/03/2020

The ABA’s small business relief package will be extended to larger businesses, including commercial property landlords who agree not to terminate leases or evict tenants.

Market Infrastructure

India: State Bank Merger Plan Takes Effect on 1 April

31/03/2020

A plan to merge ten state-run banks into four takes effect from 1 April, in a move that will help consolidate their national presence and extend their global reach.

Capital / Liquidity

ECB Calls on Banks to Suspend Dividends, Buybacks for Six Months

30/03/2020

Rabobank, ING, ABN Amro, UniCredit, Commerzbank, Banco Santander, KBC Bank, Allied Irish Bank and Bank of Ireland have suspended dividend and buyback plans until 1 October.

AML / KYC

RBNZ, FMA Offer AML/CFT Guidance During Covid-19 Lockdown

30/03/2020

Under Alert Level 4, reporting entities have the discretion to not necessarily sight certain documents for ongoing CDD and account monitoring.

Capital / Liquidity

HKMA Defers Basel III, Reviews ECL Provisioning Expectations

30/03/2020

Aside from deferring Basel III adoption, the HKMA is considering the implications of Covid-19 on the application of expected credit loss provisioning.

Market Infrastructure

MAS Eases SGD Policy Amid Negative Growth Expectations

30/03/2020

MAS projects the ongoing wave of Covid-19 outbreaks will continue to dampen global growth beyond the first half of the year.

Big Picture

Central Banks Must Target Global Supply Chains: Carstens

30/03/2020

Central banks need to channel their US dollar liquidity towards preventing global supply chains from unravelling, says BIS general manager Agustín Carstens.

Capital / Liquidity

S. Korea to Adopt Basel III Credit Risk Framework Early

30/03/2020

Lower risk sensitivity on SME loans under the Basel III credit risk framework will raise capital adequacy ratios at banks, allowing them to provide additional funding to businesses.