Capital / Liquidity

RBI Adopts New Measures to Ease Covid-19 Financial Stress

06/08/2020

A new resolution framework will allow banks to continue to maintain the ‘standard’ classification for corporate borrowers in resolution rather than downgrade the account, among other measures.

Capital / Liquidity

PBOC to Authorise Bankruptcy Filing of Baoshang Bank

06/08/2020

The decision was made based on “severe insolvency” found at Baoshang Bank. The last commercial bank allowed to go bankrupt in China was in 2001.

Market Infrastructure

Australia Unveils Cyber Security Strategy for 2020

06/08/2020

Law enforcement will receive funding to bolster its ability to go after cyber criminals, complemented by the use of AUSTRAC’s financial intelligence expertise to target their profits.

ESG / Sustainability

Taiwan to Introduce Social & Sustainability Bonds by Year End

06/08/2020

Taiwan’s FSC will direct OTC market operator Taipei Exchange to develop new guidelines for issuing social and sustainability bonds.

Market Infrastructure

Westpac to ‘Proactively’ Switch Merchants to Least Cost Routing

06/08/2020

The RBA has signalled it was considering taking regulatory action to force banks to move faster in moving merchants from Mastercard and Visa to lower cost networks.

Securities / Derivatives

TWSE Sets 26 October Launch Date for Odd-Lot Trading

06/08/2020

Currently, odd-lot trading is only permitted in after-hours trading. Starting 26 October, odd-lot orders will be accepted during the regular trading session.

AML / KYC

Malaysia Jails Eight Over Illegal Deposit-taking Scheme

05/08/2020

Eight individuals were sentenced to between three and nine years’ jail. Total fines issued, including against three companies, amount to $310mn.

Securities / Derivatives

ASX Concludes Consultation on CHESS Replacement Timeline

05/08/2020

A four-week consultation on a new timeline for the CHESS replacement project has found that 91% of users can be ready by April 2022.

Securities / Derivatives

SEBI Postpones Penalties Under New Upfront Margin Collection Norms

05/08/2020

SEBI said the penalty provision for short-collection or non-collection of upfront margin in the cash segment will now be implemented from 1 September.