Credit Risk

Bank of Thailand Unveils Third Phase of Debt Relief

18/05/2021

The third phase of debt relief measures covers unsecured credit card and personal loans, auto hire-purchase loans, car title loans and mortgages.

Cloud & Infrastructure

APRA Sets Launch Dates for New Data Collection Tool

18/05/2021

The test environment will be available from 17 June and production environment from 13 September. ADIs have to maintain BEAR information in APRA Connect from September.

Structural Regulation

RBI Enables Private Banks to Conduct Government Business

18/05/2021

Revised RBI guidelines put in place a mechanism for private sector banks to apply for authorisation to conduct government business.

Liquidity Risk

China Regulators Facilitate Financing Arrangements for Huarong

18/05/2021

The CBIRC has reportedly helped to facilitate the provision of liquidity support to Huarong until August through loans from state-owned banks.

Trading & Investment

Tokyo Bourse Plans to Extend Trading Hours – Report

18/05/2021

Longer trading hours are expected to increase participation from overseas investors, as well as local retail investors that trade after work.

Clearing & Post-Trade

HKEX Clears First SOFR-HONIA Cross Currency Swaps

18/05/2021

OTC Clear announced last week that it was launching clearing services for cross-currency interest rates swaps and basis swaps referencing HONIA and SOFR.

Fraud, Scams & Cybercrime

SG Police Issue Cheating Charges in Nickel Trading Fraud Case

18/05/2021

With the latest charges, Ng Yu Zhi now faces a total of 18 counts of cheating, fraudulent trading and forgery. He will return to court on 28 June.

Market Abuse

CSRC Launches Probe into Allegations of Market Manipulation

17/05/2021

A fund manager has claimed that at least 18 stocks are being manipulated by the listed companies, private equity funds and publicly offered funds.

KYC & CDD

RBI Relaxes Restrictions on the Use of Video-based KYC

17/05/2021

Video-based KYC can be used for onboarding individual customers, business owners, and authorised signatories and beneficial owners of legal entities.