Capital / Liquidity

DTCC Offers Guidance on FRTB’s Risk Factor Eligibility Test

17/03/2020

Access to robust, high-quality price observation data is key to compliance with FRTB requirements to test the eligibility of the risk factors used in internal models.

Big Picture

Low Oil Prices Amplify Asset Risks at Singapore Banks: Moody’s

17/03/2020

The major concern for Singapore banks is the quality of loans to SMEs, which typically have lower financial flexibility and are more sensitive to operating and trade conditions.

S. Korea Cuts Key Interest Rate to Record Low

17/03/2020

Bank of Korea has cut its key rate by 50 basis points to 0.75 percent, joining other central banks unveiling emergency measures to fight the coronavirus outbreak.

Enforcement

ASIC Launches Civil Proceedings Against Commonwealth Bank

17/03/2020

CBA said it intends to admit the allegations ASIC has made in each of the two cases, and does not intend to defend against the proceedings.

RBI Intervenes to Provide US Dollar, Rupee Liquidity

16/03/2020

The RBI’s move to provide US dollar liquidity amid a sinking rupee had the unintended consequence of squeezing liquidity in its domestic currency.

Market Infrastructure

RBA Mulls First-Ever Quantitative Easing Programme

16/03/2020

The RBA says it stands ready to buy government bonds in the secondary market, while APRA and ASIC are tasked with ‘adjusting’ regulatory requirements to boost credit availability.

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.