Capital / Liquidity

HKMA Defers Basel III, Reviews ECL Provisioning Expectations

30/03/2020

Aside from deferring Basel III adoption, the HKMA is considering the implications of Covid-19 on the application of expected credit loss provisioning.

Market Infrastructure

MAS Eases SGD Policy Amid Negative Growth Expectations

30/03/2020

MAS projects the ongoing wave of Covid-19 outbreaks will continue to dampen global growth beyond the first half of the year.

Big Picture

Central Banks Must Target Global Supply Chains: Carstens

30/03/2020

Central banks need to channel their US dollar liquidity towards preventing global supply chains from unravelling, says BIS general manager Agustín Carstens.

Capital / Liquidity

S. Korea to Adopt Basel III Credit Risk Framework Early

30/03/2020

Lower risk sensitivity on SME loans under the Basel III credit risk framework will raise capital adequacy ratios at banks, allowing them to provide additional funding to businesses.

Market Infrastructure

BOK to Provide Banks $12b in USD Funding This Week

30/03/2020

The move is expected to help stabilise US dollar funding markets,  after the BOK signed a $60bn currency swap agreement with the US Federal Reserve earlier this month.

Capital / Liquidity

Malaysia: BNM Enhances Financing Facilities for SMEs

30/03/2020

BNM is allocating an additional 4 billion ringgit to its financing facilities for SMEs and lowering interest rates to help them sustain their operations and preserve jobs.

Capital / Liquidity

APRA Defers Basel III Capital Reforms by One Year

30/03/2020

The move will allow ADIs to dedicate time and resources to maintaining their operations and supporting customers, APRA says.

Securities / Derivatives

Goldman, Morgan Stanley Approved to Control China Securities JVs

29/03/2020

The two US banks have approval to raise their stakes in their securities joint ventures to 51%. On 1 April, foreign ownership caps for securities firms and fund managers will be scrapped entirely.

Capital / Liquidity

Basel III Implementation Timelines Deferred in Response to Covid-19

28/03/2020

The implementation date of the outstanding Basel III standards will be deferred by one year to 1 January 2023 to free up operational capacity for banks and supervisors.