Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Market Infrastructure
CCP Margin Models May Need Fine-tuning: BIS Paper
15/05/2020
Some CCP margin models underestimate market volatility because they rely on a short period of historical price movements from tranquil times, the paper says.
Uncategorised
ISDA Publishes Final Report on Pre-cessation Fallbacks for LIBOR
15/05/2020
ISDA expects to publish amendments to the 2006 ISDA Definitions to incorporate the fallbacks for new trades in July, along with a protocol to allow participants to incorporate the revisions into legacy trades.
Capital / Liquidity
Sri Lanka Central Bank Bans Dividends, Share Buybacks at Banks
15/05/2020
Foreign banks are prohibited from repatriating profits. LCR and NSFR requirements have been reduced to 90%. Banks are told to refrain from non-essential expenditures.
Market Infrastructure
China Issues Guidelines on Greater Bay Opening Up
15/05/2020
The PBOC will pilot cross-border PE and VC investments and explore the establishment of a futures exchange in Guangzhou and an international commercial bank to serve Greater Bay Area.
Market Infrastructure
China Admits Fitch Subsidiary into Onshore Credit Rating Market
15/05/2020
China had committed to removing restrictions on US credit rating agencies entering its markets under the trade agreement with the US in January.
ESG / Sustainability
Hong Kong Launches New Certification Scheme for ESG Funds
14/05/2020
The new green finance certification scheme for ESG funds is an extension of the HKQAA’s certification service for green funds, launched in September 2019.
Securities / Derivatives
ASIC Withdraws Trading Limits Imposed on Equity Market Participants
14/05/2020
Trading restrictions imposed in March due to an abnormally large increase in trades executed have been revoked following processing enhancements by market operators.
Bangladesh Bank Eases Rules on Foreign Firms Borrowing Overseas
14/05/2020
Under existing rules, foreign companies can only borrow from their parent companies during their first three years of their operation in Bangladesh.
Securities / Derivatives
New Zealand to Nearly Double FMA Funding Over Three Years
14/05/2020
The FMA’s funding is being increased over three years to minimise the burden on the financial sector entities who pay levies, where most of the new funding will come from.
Capital / Liquidity
India Makes Additional Funding Available to NBFCs
14/05/2020
A $4bn special liquidity scheme will be provided for NBFCs, and the partial credit guarantee scheme already in force is being expanded to also cover non-investment grade NBFC debt.
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