Securities / Derivatives

SC, Bursa Malaysia Ease Margin Financing Rules for Brokers

26/03/2020

Brokers are no longer required to liquidate client holdings, make margin calls, or impose haircuts on collateral if client equity balances fall below 130%.

Capital / Liquidity

Indian Banks Directed to Extend Emergency Credit to SMEs

26/03/2020

The government has also asked the RBI to consider implementing a months-long moratorium on the debt repayments and to relax NPA classification norms.

BOK Promises “Unlimited Liquidity” for Financial Firms

26/03/2020

South Korean authorities will also reduce the amount of high-quality foreign assets banks need to hold to free up additional US dollar liquidity.

Enforcement

Singapore: Four Individuals Charged for Illegal Trading

26/03/2020

An investor used share financing facilities from two banks and third-party trading accounts procured by three brokers to manipulate the price of Sky One Holdings shares.

MAS Offers Banks US Dollar Funding

26/03/2020

Banks are “strongly encouraged” to avail themselves of MAS liquidity facilities so that they can better serve customers.

Market Infrastructure

ISDA Calls for Delay to Initial Margin Deadlines

26/03/2020

Without a delay, smaller entities will almost certainly be shut out of the derivatives market, denying them the ability to manage risk when they need it most, says ISDA chief Scott O’Malia.

Market Infrastructure

Singapore Stimulus Plan to Catalyse Private Sector Loans

26/03/2020

MAS is working with banks and insurers to see how best to help businesses and individuals with loan obligations and insurance premium payments.

AML / KYC

Myanmar Central Bank Revokes Licence of Local Bank

26/03/2020

An investigation that started in 2017 found irregularities with the funding Asia Yangon Bank planned to use to meet its paid-up capital requirements.

Market Infrastructure

Interim LIBOR Transition Milestones May Be Affected: FCA

26/03/2020

While end-2021 remains the firm target date for all firms to meet, interim transition milestones in some of the less prepared segments such as loan markets may be affected.