Capital / Liquidity

HK, Singapore, Indonesia Assessed as NSFR, LEX Compliant

22/03/2020

Hong Kong, Singapore and Indonesia were assessed as compliant with global standards for the net stable funding ratio and large exposures framework.

Market Infrastructure

FSC Korea Authorises KODIT to Develop New Credit Scoring System

20/03/2020

The new system will use non-financial and transaction information of SMEs and small merchants to generate credit scores, improving their ability to obtain financing and credit guarantees.

APRA, RBA Ask Financial Firms to Continue Parallel Reporting of EFS data

20/03/2020

The agencies explain that they wish to ensure a consistent data source for March and June 2020, in order to capture the impact of the coronavirus.

SAFE Expands Cross-border Financing Channels for High-tech Firms

20/03/2020

A Beijing science park programme to allow high-tech firms to access cross-border funding will be expanded to cover Shanghai, Hubei, Guangdong and Shenzhen.

Securities / Derivatives

SEBI Allows Extra Time to File Quarterly, Annual Results

20/03/2020

Listed companies will have until 30 June to file their quarterly and annual financial results for the period ending 31 March.

Securities / Derivatives

Taiwan Authorises Intervention by National Stabilisation Fund

20/03/2020

The central bank has also cut its policy rates and expanded lending facilities for banks to allow them to support SMEs impacted by the coronavirus.

ECB Launches €750b Emergency Asset Purchase Programme

20/03/2020

The ‘Pandemic Emergency Purchase Programme’ will include purchases of public and private securities, including non-financial commercial paper and Greek sovereign bonds, until end-2020.

Capital / Liquidity

Australian Banks Announce Small Business, Home Loan Relief

20/03/2020

Australia’s big four banks have each announced reductions in their lending rates, as well as the availability of deferrals of small business and home loan repayments.

AML / KYC

MAS Penalises Trust Company for AML/CFT Failings

20/03/2020

TMF Trustees Singapore was penalised SG$400,000 for failing to verify the source of wealth and monitor transactions on an ongoing basis.