Emerging Prudential Risks

FSB Reports to G20 on Covid-19 Financial Stability Implications

17/04/2020

The FSB says internationally coordinated action to support a well-functioning, resilient financial system and open markets remain a priority.

Credit Risk

Hong Kong Expands 100% Loan Guarantee Scheme Ahead of Launch

17/04/2020

Administered by HKMC Insurance, the Special 100% Loan Guarantee Scheme has been expanded to total guarantees of HK$50bn, alongside a doubling of the per-enterprise loan limit.

Trading & Investment

Malaysia SC Announces Capital Market Measures to Support Businesses

17/04/2020

The measures include relief for publicly listed companies from PN17 (financial distress) classification, even if they fall below certain regulatory thresholds.

Conduct, Culture & Accountability

Australian Court Upholds ASIC Product Intervention Order

16/04/2020

ASIC’s product intervention order prohibiting payday lenders to charge additional fees under separate contracts through associates remains in force.

Cybersecurity

Fintech Risks Could Undermine Financial Inclusion

16/04/2020

The CPMI and World Bank have set out key actions to help stakeholders address fintech risks in the context of achieving financial inclusion outcomes.

Liquidity Risk

BOK to Launch New Loan Programme for Brokers, Insurers

16/04/2020

Under the programme, corporate bonds rated AA or higher are eligible as loan collateral, a major shift for the BOK which has traditionally only bought government debt.

Trading & Investment

ASIC Updates Guidance on Active ETF Internal Market Making

16/04/2020

Active ETFs are asked to rely on publicly available information for market making quotes, and to establish internal information barriers.

KYC & CDD

SEBI Seeks Details on UBOs of Chinese, Hong Kong FPIs

16/04/2020

Prompted by the PBOC raising its stake in HDFC to over 1%, SEBI is reportedly concerned that Indian companies may face takeover threats from Chinese investors.

Trading & Investment

ISDA to Add Pre-cessation Trigger to LIBOR Fallback Provisions

16/04/2020

A significant majority of respondents favour including both pre-cessation and permanent cessation fallbacks as standard language in the amended 2006 ISDA Definitions for LIBOR.