Enforcement

ICAC Charges Ex-HKEX Official for Bribery, Misconduct

25/03/2020

A former joint-head of HKEX’s IPO Vetting Team has been charged over HK$9.15mn in bribes and misconduct in public office between June 2017 and April 2019.

Market Infrastructure

ASX to Delay Implementation of CHESS Replacement

25/03/2020

ASX will launch a public consultation in June on a new timetable for its CHESS replacement project, amid uncertainty created by the coronavirus pandemic.

Capital / Liquidity

BNM Offers Regulatory Relaxations to Support Lending Activities

25/03/2020

Besides an NSFR relaxation, banks can drawdown on the capital conservation buffer, operate below 100% LCR, and utilise regulatory reserves they have set aside.

Taiwan Central Bank to Help SMEs Avoid Credit Crunch

25/03/2020

Low-cost funding will be available to SMEs for 12 months via financial institutions starting from 1 April, with interest rates capped at a maximum 1.5%.

Capital / Liquidity

Sri Lanka Central Bank Directs FIs to Implement Debt Moratorium

25/03/2020

The debt moratorium will be implemented for personal loans, credit card debt, SME loans, among other sectors. Financial institutions are also directed to provide new working capital loans.

Capital / Liquidity

OJK Indonesia to Extend Payment Deadlines for MSME Loans

25/03/2020

OJK will extend loan payment deadlines for MSMEs by up to one year and prohibit the use of debt collection services, while Bank Indonesia asks banks to lower lending rates.

Capital / Liquidity

RBNZ to Lower Core Funding Ratio Required of Banks

25/03/2020

The RBNZ will reduce the required minimum CFR from 75% to 50% to help banks make credit available for mortgage holidays and business finance guarantees.

Securities / Derivatives

BOT Establishes Liquidity Facility for Money Market, Fixed Income Funds

25/03/2020

Money market and daily fixed income funds can obtain low-cost liquidity assistance from banks, which can in turn use fund units they buy under repurchase agreements as collateral for BOT liquidity.

Fintech / Regtech

Securities Market Principles Can Be Applied to Stablecoins: IOSCO

25/03/2020

Preliminary analysis concludes that the Principles for Financial Market Infrastructures could apply to the global stablecoin arrangements, among other principles and standards.