Structural Regulation

SEBI Proposed Exemptions for Investors in Distressed Companies

24/04/2020

The regulator proposes to tweak its pricing rules for preferential share allotments, and to exempt investors in distressed companies from having to make a open offer.

Emerging Prudential Risks

Korea: IMF Assessment Highlights Pre-Covid Financial System Risk

24/04/2020

The assessment commends Korea for its continued efforts to enhance prudential, legal and supervisory frameworks, while also pointing to growth-related uncertainties and household debt risks.

Credit Risk

Aussie Majors to Provide Bridging Loans to Businesses Awaiting Subsidies

24/04/2020

ANZ, NAB, Westpac and CBA have agreed to set up new dedicated hotlines and expedite the processing of bridge financing applications as businesses wait to be paid wage subsidies.

Structural Regulation

SEBI Relaxes Fundraising Rules for Rights Issues, IPOs

24/04/2020

SEBI has lowered the market cap requirement for fast tracking rights issues and extended the amount of time companies have to launch a public issue once approval is granted.

Structural Regulation

HKMA Survey Highlights LIBOR Transition Challenges

23/04/2020

About HK$1.4tr in assets, HK$0.5tr in liabilities, and HK$14.7tr in derivatives still referencing LIBOR will mature after end-2021 and don’t have fallbacks in place.

AI Risk & Governance

FMSB Publishes Spotlight Review on Algorithmic Trading

23/04/2020

The Spotlight Review highlights the importance and challenges of model risk management in areas where algorithmic trading is being deployed.

Trading & Investment

HKEX Sets Launch Date for Phase One VCM Enhancements

23/04/2020

The first phase of enhancements will expand VCM coverage from 78 stocks to nearly 500 stocks, and apply a tiered structure of triggering thresholds.

Structural Regulation

Bloomberg Publishes Rulebook on IBOR Fallback Methodology

23/04/2020

The rulebook’s final methodology, rules and conventions are based on the results of four market-wide consultations ISDA conducted between 2018 and 2020.

Anti-Money Laundering

Shenzhen Banks Screen Relief Loans for Property Misuse

23/04/2020

The CBIRC and PBOC have asked banks to identify whether cheap loans intended to support small business impacted by the coronavirus are being used to fund speculative property purchases.