BNM Faces Backlash Over Revised Moratorium Guidance

03/05/2020

The initial version of BNM’s FAQs appeared to suggest that no extra interest would be charged on hire-purchase loans under deferment, but a revised illustration shows interest can accrue.

Capital / Liquidity

Glass Half Full: Basel IV Presents Opportunity for Constructive Change, COVID-19 the Impetus

03/05/2020

The COVID-19 pandemic is an additional catalyst for financial institutions to generate fundamental structural change as they seek to implement Basel reforms, says AxiomSL’s Mahim Mehra.

Securities / Derivatives

China to Pilot REITs Issuance in Infrastructure Sector

02/05/2020

Under a pilot programme, infrastructure projects in major economic areas can be securitised to form publicly-traded REITs.

Securities / Derivatives

SEBI Defers New Risk Management Norms for Mutual Funds

01/05/2020

Mutual funds now have until 30 June to comply with new norms on liquid assets, sector exposures, and money market and debt securities valuations.

Big Picture

Short-selling Bans Negatively Impact Market Quality: WFE

01/05/2020

A review of academic research shows that it “almost unanimously” points towards short-selling bans being disruptive for the orderly functioning of markets.

AML / KYC

BSP Warns of Covid-19 related Money Laundering Risks

01/05/2020

Supervised financial institutions are encouraged to prudently leverage on technology to reinforce their controls against fraud and financial crime.

RBI Grants Banks Additional Time to Submit Regulatory Returns

01/05/2020

The regulator has listed 18 regulatory returns which banks can submit with a delay of a maximum 30 days. No extension is granted for the submission of statutory returns which are required by law.

Big Picture

Australia, NZ, China, Japan Get Low Grades on Fund Regulation, Tax

01/05/2020

Australia, New Zealand, China, Japan are among the nations that have received the lowest scores on tax settings and regulatory regimes for the managed funds industry, according to a new Morningstar study.

Capital / Liquidity

BCBS Members Advancing Work on Climate-related Financial Risk

30/04/2020

An “overwhelmingly large share” of BCBS members have conducted research related to the measurement of climate-related financial risks.