Capital / Liquidity

BNM Orders Automatic Moratorium on Loan Repayments

24/03/2020

Credit card balances should be converted to term loans. Banks will have to maintain a minimum NSFR of 80% instead of 100% from 1 July.

Securities / Derivatives

SEBI Grants Compliance Relief to Fund Managers, Brokers, Issuers

24/03/2020

The new measures include relief from mutual fund policy initiatives, penalty provision exemptions for brokers, and various deadline extensions.

APRA Suspends Work on New Data Collection Solution

24/03/2020

‘APRA Connect’ go live dates will be delayed by at least six months to allow financial institutions to concentrate on their businesses and assist customers impacted by the coronavirus.

Capital / Liquidity

S. Korea Announces Emergency Financial Aid Package

24/03/2020

The 100-trillion-won package includes funding for businesses, two market stabilisation funds, support for new bond issuance and liquidity support for brokerage firms.

TAIFEX Launches Real-time Data Feed for Derivatives

24/03/2020

Deutsche Börse is the licensor of TAIFEX market data to international clients, allowing them to access data products offered by both exchanges under a single licence agreement.

Enforcement

SFC Imposes Lifetime Ban on Former China Pacific Securities Broker

24/03/2020

The former broker was convicted and jailed in December 2018 for stealing over HK$110mn in shares from China Pacific’s clients over a seven-year period.

Securities / Derivatives

Malaysia Suspends Short-selling, Grants Relief to Licensed Entities

24/03/2020

The short-selling suspension will last until 30 April 2020. Annual licensing fees will be waived. CPE and professional training requirements will be eased.

Market Infrastructure

Australia Unveils Stage Two Economic Package Worth A$66.1b

23/03/2020

Including the new package, a total A$189bn is being injected into the economy by ‘all arms of the government’ to ‘help build a bridge to recovery’.

Market Infrastructure

US Fed Indicates Open-ended Commitment to Quantitative Easing

23/03/2020

“Aggressive efforts must be taken across the public and private sectors,” the Fed said, effectively pledging to buy Treasuries and mortgage-backed securities to any extent required