APRA Announces Reporting Requirement for SME Guarantee Scheme

18/04/2020

Lenders approved to participate under the Scheme must complete the new returns on a weekly basis, with the first collection due on 1 May.

HKMA, Banks to Launch Debt Payment Holiday Scheme for Corporates

18/04/2020

All corporate customers with annual turnover under HK$800mn and with no outstanding loan payments more than 30 days overdue are eligible for the principal payment holiday.

Capital / Liquidity

RBNZ Working with ANZ NZ to Improve Model Compliance

18/04/2020

The latest section 95 report identifies that 17 wholesale credit models and the operational risk capital model approach currently in use at ANZ NZ are not approved by the RBNZ.

Securities / Derivatives

SFC Seeks Certainty on ETF Market Making Continuity

18/04/2020

ETF management companies should procure more than one market maker, or secure arrangements for alternative market makers to quickly step in if there is a disruption.

Market Infrastructure

MAS, ESMA Sign MOU on Singapore’s Financial Benchmarks

18/04/2020

The MOU and last year’s equivalence decision from the European Commission ensure that FIs in the EU can continue using SIBOR and the SOR as reference rates in their contracts.

Capital / Liquidity

Bank Indonesia Cuts RRR, Prepares to Buy Govt Bonds

18/04/2020

The measures include a 200bp RRR cut for banks and a 50bp cut for Islamic banks. The central bank may also start buying government bonds in the primary market in two weeks.

Securities / Derivatives

Japan Extends Deadlines for Filing Securities Reports, Holding AGMs

18/04/2020

Japan’s FSA has extended the submission deadline for corporate securities reports to the end of September, while companies are being encouraged postpone annual shareholder meetings or hold them virtually.

Capital / Liquidity

RBI Announces New Measures to Counter Covid-19 Disruptions

18/04/2020

The RBI has cut the reverse repo rate, lowered the LCR requirement, restricted dividend payouts, and established new liquidity facilities for NBFCs and microfinance institutions.

Securities / Derivatives

UPDATED – Singapore REITs Granted Relief on Cash Flow, Fundraising

17/04/2020

MAS is raising the leverage limit for S-REITs and deferring implementation of the minimum interest coverage ratio requirement, on top of recently-announced enhanced share issue limits.