Securities / Derivatives

FMA Preempts Insider Misconduct With Plea for Vigilance

23/04/2020

New Zealand’s FMA recognises that the current situation may give rise to a broader range of individuals having access to inside information.

Securities / Derivatives

SGX RegCo Extends Annual Report Deadlines, Urges Transparency

23/04/2020

Chief executive Boon Gin Tan says issuers should publish regular business updates to ensure high-quality information is promptly available to investors.

Market Infrastructure

NZX Working to Fix Technical Issues Caused by Heavy Trading

23/04/2020

NZX has said it is taking steps to address technical issues it has faced amid a four-fold surge in trading volumes since early in the year.

Enforcement

Hong Kong Exchange Censures Ding Yi Feng Executives

23/04/2020

Three former non-executive directors of China Ding Yi Feng were censured for breaching the listing rules and disclosure obligations.

Capital / Liquidity

China to Lower Bad Loan Provisioning Requirements

23/04/2020

China will reduce the amount of capital small and medium-sized banks need to set aside to cover potential losses from loan defaults.

S. Korea Adds $60bn to Coronavirus Response Spending

22/04/2020

40tr won will go towards supporting key industries through loans, payment guarantees and investments. 35tr won will go to small merchants, P-CBO issuance and short-term debt purchases.

AML / KYC

ASIFMA Offers Hong Kong Guidance on Common KYC Practices

22/04/2020

The guidance on account opening and KYC refresh is based on practices employed at 15 banks in Hong Kong that have a strong global and regional footprint.

Market Infrastructure

ARRC Sets Out 2020 Objectives for LIBOR to SOFR Switch

22/04/2020

The ARRC will establish final recommended conventions for SOFR-based floating rate notes, business loans, and securitisations by 31 July.

Capital / Liquidity

RBNZ Proposes Removal of Mortgage Lending Restrictions

22/04/2020

The RBNZ intends to remove existing LVR restrictions for a period of one year, to help banks to keep lending to support customers, including with mortgage deferrals.