Market Infrastructure

Fed Establishes Repo Facility to Ease USD Funding Stress

31/03/2020

Foreign central banks can temporarily exchange their US Treasury holdings with the Fed for US dollars, which can then be made available to institutions in their own jurisdictions.

MAS Unveils Debt Relief Measures for Individuals, SMEs

31/03/2020

Mortgage loans and SME term loans can be deferred. Credit card balances can be converted to low-cost term loans. Insurance payments can be deferred or rescheduled.

Securities / Derivatives

SEBI Extends Implementation Timelines on Key Market Reforms

31/03/2020

The new stewardship code for mutual funds is deferred three months. Portfolio managers, AIFs, and VC funds have two more months to comply with new disclosure requirements.

Capital / Liquidity

Japan Plans for Basel III Implementation in March 2023

31/03/2020

The FSA also said NSFR implementation is being deferred by one year to April 2021, as the BOJ relaxes the eligibility requirements for firms to participate in its market operations.

RBNZ Launches New Liquidity Facility for Banks

31/03/2020

The facility allows banks to swap corporate paper and other asset-backed securities for cash. Banks are offering six-month deferrals on residential mortgage repayments.

Securities / Derivatives

China Launches New LPG Futures, Options Contracts

31/03/2020

The day-apart launches mark the first time futures and options for a single product debut nearly simultaneously on a Chinese commodities exchange.

Australian Banks Extend Loan Deferrals to More Businesses

31/03/2020

The ABA’s small business relief package will be extended to larger businesses, including commercial property landlords who agree not to terminate leases or evict tenants.

Market Infrastructure

India: State Bank Merger Plan Takes Effect on 1 April

31/03/2020

A plan to merge ten state-run banks into four takes effect from 1 April, in a move that will help consolidate their national presence and extend their global reach.

Capital / Liquidity

ECB Calls on Banks to Suspend Dividends, Buybacks for Six Months

30/03/2020

Rabobank, ING, ABN Amro, UniCredit, Commerzbank, Banco Santander, KBC Bank, Allied Irish Bank and Bank of Ireland have suspended dividend and buyback plans until 1 October.