Securities / Derivatives

New Zealand to Nearly Double FMA Funding Over Three Years

14/05/2020

The FMA’s funding is being increased over three years to minimise the burden on the financial sector entities who pay levies, where most of the new funding will come from.

Capital / Liquidity

India Makes Additional Funding Available to NBFCs

14/05/2020

A $4bn special liquidity scheme will be provided for NBFCs, and the partial credit guarantee scheme already in force is being expanded to also cover non-investment grade NBFC debt.

Enforcement

ASIC Secures Remediation for Junk Insurance Sales by Banks

14/05/2020

ASIC has secured A$160mn in remediation for consumers and plans to take enforcement action against lenders who sold junk consumer credit insurance products.

Fintech / Regtech

FSC Korea to Assess Demand for New MyData Licences

14/05/2020

Financial firms and fintechs approved by the FSC will be able to make financial product recommendations and offer financial advisory services on the new MyData platform.

Securities / Derivatives

Sri Lankan Bourse Reopens to Trading Halts After 7-week Haitus

14/05/2020

The Colombo Stock Exchange opened for trading for the first time in seven weeks on Monday, triggering trading halts on its new circuit breaker mechanism.

Securities / Derivatives

SGX Probes Societe Generale Over Timeliness of Disclosure

14/05/2020

As a goodwill gesture, SocGen will extend a one-off payment to investors who suffered losses trying to short-sell Singapore Airlines with daily leverage certificates.

Capital / Liquidity

Bangladesh Restricts Dividend Payments by Banks

14/05/2020

It is necessary to maintain the cash flow by strengthening the banks’ capital during the coronavirus pandemic, Bangladesh Bank said.

Market Infrastructure

RBNZ Announces Expansion of Asset Purchase Programme

14/05/2020

The RBNZ’s bond-buying programme will be capped at NZ$60bn, up from the NZ$33bn announced in March. Government inflation-indexed bonds are also now included.

Securities / Derivatives

Trump Orders Federal Pension Fund to Halt Plans to Invest in China

13/05/2020

The Federal Retirement Thrift Investment Board had planned to benchmark its international exposures to an MSCI index that would channel up to $4.5bn into Chinese equities.