Market Infrastructure

China to Enhance Oversight of National Bad Debt Managers

27/03/2020

The reforms are said to be in part aimed at shielding the Ministry of Finance from risk. The Ministry is the largest shareholder of each of the national AMCs.

Securities / Derivatives

SFC Steps Up Scrutiny of Fund Industry Amid Recent Volatility

27/03/2020

The SFC reminds managers, trustees, custodians and intermediaries of funds to look out for clients interests amid “unprecedented volatility across asset classes”.

Securities / Derivatives

SC, Bursa Malaysia Ease Margin Financing Rules for Brokers

26/03/2020

Brokers are no longer required to liquidate client holdings, make margin calls, or impose haircuts on collateral if client equity balances fall below 130%.

Capital / Liquidity

Indian Banks Directed to Extend Emergency Credit to SMEs

26/03/2020

The government has also asked the RBI to consider implementing a months-long moratorium on the debt repayments and to relax NPA classification norms.

BOK Promises “Unlimited Liquidity” for Financial Firms

26/03/2020

South Korean authorities will also reduce the amount of high-quality foreign assets banks need to hold to free up additional US dollar liquidity.

Enforcement

Singapore: Four Individuals Charged for Illegal Trading

26/03/2020

An investor used share financing facilities from two banks and third-party trading accounts procured by three brokers to manipulate the price of Sky One Holdings shares.

MAS Offers Banks US Dollar Funding

26/03/2020

Banks are “strongly encouraged” to avail themselves of MAS liquidity facilities so that they can better serve customers.

Market Infrastructure

ISDA Calls for Delay to Initial Margin Deadlines

26/03/2020

Without a delay, smaller entities will almost certainly be shut out of the derivatives market, denying them the ability to manage risk when they need it most, says ISDA chief Scott O’Malia.

Market Infrastructure

Singapore Stimulus Plan to Catalyse Private Sector Loans

26/03/2020

MAS is working with banks and insurers to see how best to help businesses and individuals with loan obligations and insurance premium payments.