Capital / Liquidity

Bangladesh Defers All ‘Defaulter’ Classifications Until 30 June

25/03/2020

Banks can avoid reclassifying borrowers as defaulters until 30 June, allowing them to avoid extra provisioning and offer businesses new loans.

ESG / Sustainability

Japan Finalises Stewardship Code Revisions

25/03/2020

Existing signatories have six months to update their disclosures to reflect the revisions, which include expectations to incorporate sustainability considerations in investment decisions.

Capital / Liquidity

BSP Announces RRR Cut, Lenders Asked to Grant Debt Relief

24/03/2020

The 200 basis point cut will release up to 200bn pesos in bank liquidity. Lenders are encouraged to continue lending and to offer debt relief to borrowers.

Capital / Liquidity

BNM Orders Automatic Moratorium on Loan Repayments

24/03/2020

Credit card balances should be converted to term loans. Banks will have to maintain a minimum NSFR of 80% instead of 100% from 1 July.

Securities / Derivatives

SEBI Grants Compliance Relief to Fund Managers, Brokers, Issuers

24/03/2020

The new measures include relief from mutual fund policy initiatives, penalty provision exemptions for brokers, and various deadline extensions.

APRA Suspends Work on New Data Collection Solution

24/03/2020

‘APRA Connect’ go live dates will be delayed by at least six months to allow financial institutions to concentrate on their businesses and assist customers impacted by the coronavirus.

Capital / Liquidity

S. Korea Announces Emergency Financial Aid Package

24/03/2020

The 100-trillion-won package includes funding for businesses, two market stabilisation funds, support for new bond issuance and liquidity support for brokerage firms.

TAIFEX Launches Real-time Data Feed for Derivatives

24/03/2020

Deutsche Börse is the licensor of TAIFEX market data to international clients, allowing them to access data products offered by both exchanges under a single licence agreement.

Enforcement

SFC Imposes Lifetime Ban on Former China Pacific Securities Broker

24/03/2020

The former broker was convicted and jailed in December 2018 for stealing over HK$110mn in shares from China Pacific’s clients over a seven-year period.