Market Infrastructure

ACCC Finds Transparency, Competition Issues in Mortgage Market

27/04/2020

The time taken to pass on announced interest rate reductions to customers varied across the big four banks, with revenue being a key motivator. CBA consistently had the longest lag period.

India Suspends Bankruptcy Law Provisions to Avert Insolvency Filings

27/04/2020

India’s Cabinet has approved the suspension of provisions that allow financial and operational creditors to initiate insolvency.

AML / KYC

SEBI Endorses Technology Use to Facilitate Online KYC

27/04/2020

The investor KYC process can be completed through websites or apps, which should include video-based ID verification, liveness checks, and electronic signatures and documents.

Securities / Derivatives

S. Korea Finalises Risk Management Rules for Private Equity Funds

27/04/2020

Private equity funds will have to undergo regular audits, adopt new valuation guidelines, conduct regular liquidity stress tests, and cap leverage at 400% of assets, among other measures.

Securities / Derivatives

CSRC Approves DCE Launch of Hog Futures Product

27/04/2020

China is home to about half of the world’s pigs and produces around 50 million tonnes of pork a year.

Uncategorised

SEBI Eases Buyback Rules to Enable ‘Quicker Access to Capital’

26/04/2020

Listed companies can raise additional capital after six months from the expiring of the buyback period, compared to one year previously.

Enforcement

China: Luckin Investors Launch Lawsuit Under New Securities Law

26/04/2020

A lack of cross-border regulation presents a challenge to holding Luckin Coffee entities and executives to account for alleged misconduct and fraud.

Tax Records Can Provide Banks Assurance for SME Loans: CBIRC

26/04/2020

Small and micro enterprises which cannot provide collateral or guarantees for loans can instead share their tax payment information with commercial banks to obtain funding.

Securities / Derivatives

SEBI Eases Mutual Fund Valuation Norms for Debt Securities

26/04/2020

Valuation agencies need not consider payment delays and maturity extensions resulting from Covid-19 as defaults when valuing money market and debt securities held by mutual funds.