Editors

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    Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com

    Articles by Editors

    Market Infrastructure

    RBI Reduces Market Hours to Curb Volatility

    06/04/2020

    During India’s lockdown, currency, bond and money markets will operate for only 4 hours. SEBI has also brought forward the cut-off times for the mutual fund industry.

    Securities / Derivatives

    Japan: Corporates to Get Financial Support, Easier Write Down Rules

    06/04/2020

    The FSA will convene a joint council of key industry bodies to agree on easier write-down rules, while the government prepares an aid package for large corporates.

    Bangladesh Announces Measures to Aid Businesses Through Lockdown

    06/04/2020

    Under a $7.9bn stimulus plan, banks will distribute working capital loans with the interest cost to businesses partly subsidised by the government.

    Vietnam Banks Offered Incentives to Aid Businesses

    06/04/2020

    About 11% of total outstanding loans in the banking system are estimated to not be paid as scheduled due to the coronavirus pandemic.

    Enforcement

    CSRC Opens Investigation into Fraud at Coffee Chain

    06/04/2020

    The chief operating officer of Nasdaq-listed Luckin Coffee, along with his employees, are said to have fabricated about $310mn worth of sales transactions.

    Capital / Liquidity

    BCBS Issues Guidance on Treatment of Loans Under Relief

    05/04/2020

    IFRS 9 should be applied flexibly rather than mechanistically when estimating ECL, and payment moratorium periods can be excluded from the counting of days past due.

    Market Infrastructure

    Japan Lacks Consensus on LIBOR Replacement – Report

    05/04/2020

    About 57% of Japanese banks say TIBOR should be used, while about 70% of companies prefer to use forward-looking term rates based on TONAR.

    Capital / Liquidity

    HKMA Frees Up Regulatory Reserves, Liquidity Buffers for Banks

    05/04/2020

    Regulatory reserves held against possible credit losses will be reduced by half. Banks are encouraged to use liquidity buffers built up under the LCR and LMR regimes.

    Capital / Liquidity

    PBOC Cuts Reserve Requirements for Small, Mid-sized Lenders

    05/04/2020

    The move will free up a total 400 billion yuan at small and medium-sized lenders, allowing them to provide additional financing to SMEs.

    Capital / Liquidity

    BCBS, IOSCO Extend Initial Margin Deadlines by One Year

    05/04/2020

    With the extension, phase 5 implementation will take place on 1 September 2021 and phase 6 implementation on 1 September 2022.

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