Capital / Liquidity

China: State Council to Bolster Financial Support for SMEs

01/04/2020

The new measures will include another RRR cut, $141bn in re-lending and re-discounting quotas, and new bond issuances to exclusively support SME loans.

AML / KYC

FATF Encourages Technology Use to Address Covid-19 Challenges

01/04/2020

Criminals and terrorists may seek to exploit gaps and weaknesses in national AML/CFT systems, under the assumption that resources are focused elsewhere, the FATF says.

S. Korea: Financial Sector Delivers Relief for Small Business

01/04/2020

Financial institutions are providing loan maturity extensions, interest payment deferment and low-cost loans to small business hit by Covid-19.

Securities / Derivatives

SFC, Stock Exchange Issue Guidance on Holding General Meetings

01/04/2020

Listed issuers should consider adjourning or delaying their general meetings until at least after 11 April, when the prohibition on group gatherings has ended.

Capital / Liquidity

Sri Lanka Central Bank Introduces Measures to Support Financial Sector

01/04/2020

Banks can draw down on capital conservation buffers, defer capital requirements, and avoid classifying borrowers as non-performing.

Fintech / Regtech

S. Korea Tightens P2P Lending Limits to Guard Against Defaults

01/04/2020

P2P lending caps are being lowered to protect investors against potential defaults and delinquencies caused by the Covid-19 crisis.

AML / KYC

BSP Relaxes KYC Norms During Covid-19 Lockdown

01/04/2020

The move will facilitate the delivery of welfare funds to beneficiaries who have no available valid IDs or transactional account with any financial institution.

Securities / Derivatives

HKFE Offers Cash to Market Makers in Mini Metals Futures

01/04/2020

A HKD 30,000 cash stipend is offered per contract per month per trading session upon fulfillment of quoting obligations in aluminium, zinc, copper and nickel mini futures contracts.

Market Infrastructure

Bursa Malaysia Implements ISO 20022 for Corporate Announcements

01/04/2020

The messaging standard will transform the corporate announcements flow in Malaysia, favour interoperability with other marketplaces, and foster innovation.