Securities / Derivatives

SFC to Allow Leveraged, Inverse ETFs Tracking Mainland Indices

24/05/2020

The SFC is prepared to initially only accept ‘swap-based’ L&I products tracking Mainland equity indices, with a leverage factor up to 2x, or negative 1x for inverse products.

Capital / Liquidity

BOJ Targets Small Businesses with New Lending Facility

24/05/2020

The 30tr yen facility will provide lending to businesses with interest-free funding, while paying a positive 0.1% interest on the amounts they lend to businesses.

Securities / Derivatives

SEBI Allows Debt Funds to Increase Exposure to G-Secs

23/05/2020

The flexibility has been granted for three months to ensure adequate liquidity in corporate bond funds, banking & PSU debt funds, and credit risk funds.

Taiwan to Allow Local Firms to Open Domestic OBU Accounts

22/05/2020

The FSC and central bank have agreed to allow local companies to open OBU accounts at domestic banks to facilitate their access to foreign currency borrowing.

BOT Cuts Benchmark Interest Rate to Record Low 0.5%

22/05/2020

Thailand’s National Economic and Social Development Council expects economic performance this year to be the worst since the Asian financial crisis.

Securities / Derivatives

S. Korea to Set Up SPV to Support Lower Grade Corporate Debt

22/05/2020

The SPV is a separate initiative from the bond market stabilisation fund, which focused on corporate bonds rated AA and higher.

AML / KYC

BSP Prepares Guidelines to Regulate Virtual Asset Service Providers

21/05/2020

The BSP may require higher capital requirements for VASPs based on their scope, scale of operations and complexity of operations.

Securities / Derivatives

New US Law Could Force Chinese Companies to De-list

21/05/2020

New legislation passed in the US Senate will require companies to submit to an audit that can be reviewed by the PCAOB, and de-list firms that at noncompliant for three years.

Bangladesh: Banks, NBFIs Commit to Disbursing Stimulus Loans

21/05/2020

Bangladesh Bank has signed participation agreements with 44 banks and 23 NBFIs to disburse $1.8bn in loans as part of the government’s stimulus package.