RBNZ to Delay Work on Regulatory Initiatives

18/03/2020

The move is aimed at reducing the regulatory burden on FIs, freeing up RBNZ and industry resources, and supporting the economy amid the coronavirus outbreak.

Market Infrastructure

IMF Offers Guidance on Offsetting Economic Impact of Covid-19

17/03/2020

Banks should be encouraged to undertake prudent renegotiation of loan terms for stressed borrowers, but loan classification and provisioning rules should not be eased.

Capital / Liquidity

Sri Lanka Closes Stock Market, Cuts Policy Rates

17/03/2020

The central bank has also asked financial institutions to refrain from engaging in speculative activity, which it says “could lead to panic in the financial market.”

New Zealand Announces NZ$12.1b Economic Stimulus Package

17/03/2020

New Zealand has announced a NZ$12.1bn economic rescue package in response to the novel coronavirus outbreak.

Capital / Liquidity

Philippine Markets Shut, Central Bank Promises Regulatory Relief

17/03/2020

The Philippines has halted stock, bond and currency trading ‘until further notice’. The BSP is urging banks to provide financial relief to customers and employees.

Securities / Derivatives

Tokyo Stock Exchange to Ease Rules on Delistings, IPOs – Report

17/03/2020

Companies that have fallen into negative net worth as a result of the coronavirus pandemic will have 2 years before their shares are delisted, up from 1 year currently.

Securities / Derivatives

Japan Unveils New Foreign Investment Rules for Consultation

17/03/2020

Foreign financial institutions subject to regulatory supervision are eligible for a “blanket exemption” from the pre-notification requirement.

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.