Capital / Liquidity

Sri Lanka Central Bank Directs FIs to Implement Debt Moratorium

25/03/2020

The debt moratorium will be implemented for personal loans, credit card debt, SME loans, among other sectors. Financial institutions are also directed to provide new working capital loans.

Capital / Liquidity

OJK Indonesia to Extend Payment Deadlines for MSME Loans

25/03/2020

OJK will extend loan payment deadlines for MSMEs by up to one year and prohibit the use of debt collection services, while Bank Indonesia asks banks to lower lending rates.

Capital / Liquidity

RBNZ to Lower Core Funding Ratio Required of Banks

25/03/2020

The RBNZ will reduce the required minimum CFR from 75% to 50% to help banks make credit available for mortgage holidays and business finance guarantees.

Securities / Derivatives

BOT Establishes Liquidity Facility for Money Market, Fixed Income Funds

25/03/2020

Money market and daily fixed income funds can obtain low-cost liquidity assistance from banks, which can in turn use fund units they buy under repurchase agreements as collateral for BOT liquidity.

Fintech / Regtech

Securities Market Principles Can Be Applied to Stablecoins: IOSCO

25/03/2020

Preliminary analysis concludes that the Principles for Financial Market Infrastructures could apply to the global stablecoin arrangements, among other principles and standards.

Capital / Liquidity

Bangladesh Defers All ‘Defaulter’ Classifications Until 30 June

25/03/2020

Banks can avoid reclassifying borrowers as defaulters until 30 June, allowing them to avoid extra provisioning and offer businesses new loans.

ESG / Sustainability

Japan Finalises Stewardship Code Revisions

25/03/2020

Existing signatories have six months to update their disclosures to reflect the revisions, which include expectations to incorporate sustainability considerations in investment decisions.

Capital / Liquidity

BSP Announces RRR Cut, Lenders Asked to Grant Debt Relief

24/03/2020

The 200 basis point cut will release up to 200bn pesos in bank liquidity. Lenders are encouraged to continue lending and to offer debt relief to borrowers.

Capital / Liquidity

BNM Orders Automatic Moratorium on Loan Repayments

24/03/2020

Credit card balances should be converted to term loans. Banks will have to maintain a minimum NSFR of 80% instead of 100% from 1 July.