Securities / Derivatives

UPDATED – BOJ Introduces New Lending Facility, Expands Asset Purchases

16/03/2020

The new 8 trillion yen lending facility will offer banks one-year, zero-interest loans collateralised by corporate debt securities. The BOJ is also doubling its annual ETF purchase capacity.

Capital / Liquidity

RBI Amends Exposure Norms for Urban Cooperative Banks

16/03/2020

The single borrower and group exposure limit will be 15% and 25% of tier 1 capital, respectively, compared to 15% and 40% of total capital previously.

Securities / Derivatives

Hong Kong to Allow 60 Days Grace for Publishing Annual Reports

16/03/2020

Listed issuers may defer annual report publication for 60 days if they have published their preliminary results, management accounts or specified material financial information before 31 March.

Capital / Liquidity

India’s Cabinet Green Lights Yes Bank Rescue Plan

16/03/2020

State Bank of India and 7 other FIs are investing over 100bn rupees in Yes Bank’s equity. The bank’s moratorium will be lifted on Wednesday.

Securities / Derivatives

Singapore Exchange Introduces S$5m Covid-19 Care Package

16/03/2020

S$1.5mn will be contributed to national healthcare-support programmes, while S$3.5mn will be used to support Singapore-listed companies and SGX employees and contract staff.

Securities / Derivatives

ASIC Directs Equity Market Participants to Limit Trading

16/03/2020

The move is a response to a particularly large increase in trades executed on Friday, largely attributable to algorithmic and high frequency trading.

Capital / Liquidity

RBNZ Defers Implementation of New Capital Framework

16/03/2020

The deferment will enable banks to supply up to around NZ$47bn in additional lending to households and businesses, the RBNZ estimates. The OCR has also been cut to 0.25%.

Capital / Liquidity

HKMA Responds to Fed Rate Cut, Reduces CCyB

16/03/2020

The base rate is being adjusted downwards to 0.86%, while the countercyclical capital buffer is being reduced from 2.0% to 1.0% to bolster lending.

Capital / Liquidity

US Fed Cuts Rates, Relaxes Regulatory Requirements to Boost Lending

15/03/2020

The Fed is cutting interest rates by 100bps and will buy $700bn in assets. Banks will no longer have to meet reserve requirements and can use capital and liquidity buffers to lend.