Hong Kong Expands 100% Loan Guarantee Scheme Ahead of Launch

17/04/2020

Administered by HKMC Insurance, the Special 100% Loan Guarantee Scheme has been expanded to total guarantees of HK$50bn, alongside a doubling of the per-enterprise loan limit.

Crypto / Digital Assets

Malaysia SC Announces Capital Market Measures to Support Businesses

17/04/2020

The measures include relief for publicly listed companies from PN17 (financial distress) classification, even if they fall below certain regulatory thresholds.

Australian Court Upholds ASIC Product Intervention Order

16/04/2020

ASIC’s product intervention order prohibiting payday lenders to charge additional fees under separate contracts through associates remains in force.

Big Picture

Fintech Risks Could Undermine Financial Inclusion

16/04/2020

The CPMI and World Bank have set out key actions to help stakeholders address fintech risks in the context of achieving financial inclusion outcomes.

Securities / Derivatives

BOK to Launch New Loan Programme for Brokers, Insurers

16/04/2020

Under the programme, corporate bonds rated AA or higher are eligible as loan collateral, a major shift for the BOK which has traditionally only bought government debt.

Securities / Derivatives

ASIC Updates Guidance on Active ETF Internal Market Making

16/04/2020

Active ETFs are asked to rely on publicly available information for market making quotes, and to establish internal information barriers.

AML / KYC

SEBI Seeks Details on UBOs of Chinese, Hong Kong FPIs

16/04/2020

Prompted by the PBOC raising its stake in HDFC to over 1%, SEBI is reportedly concerned that Indian companies may face takeover threats from Chinese investors.

Market Infrastructure

ISDA to Add Pre-cessation Trigger to LIBOR Fallback Provisions

16/04/2020

A significant majority of respondents favour including both pre-cessation and permanent cessation fallbacks as standard language in the amended 2006 ISDA Definitions for LIBOR.

APRA Announces New Commencement Dates for Prudential Standards

16/04/2020

The new commencement dates relate to initial margin requirements and APRA’s prudential standards on information security, credit risk management and related entity exposures.